Article: Harvard to boost aid, even to those of higher incomes - Aims to simplify process

Harvard University announced yesterday it would sharply increase assistance for middle- and higher-income families, using an uncommonly simple formula designed to strip away confusion about financial aid and reduce the sticker shock over tuition.

Beginning next fall, families earning $120,000 to $180,000 a year will be required to pay, on average, no more than 10 percent of their income. Harvard will also eliminate loans in financial aid packages, replace them with grants, and remove home equity in determining a family's assets.

The changes propel a trend among some elite colleges, including Princeton University, Williams, and Amherst, to make college less expensive for middle- and ...

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