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Article: Harvard Doing More for Middle-Income Students; New Financial Aid Plan Would Help Ease the Burden for Families Earning Up to $180,000
- Article from:
- The Washington Post
- Article date:
- December 11, 2007
- Author:
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Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Harvard University announced yesterday a series of breaks for
middle-income students, increasing financial aid enough to
effectively slash costs by as much as 50 percent and eliminating
required student loans.
The changes, which will take place next fall, are part of a
growing national movement to combat the rapidly rising cost of
higher education, and to ensure that elite universities don't shut
out all but the wealthiest students. Tuition at many private
colleges and universities has risen so much in recent decades that
even families earning close to $200,000 a year can struggle to
afford it.
Under the plan announced by Drew Faust, president of the
university, families earning more than ...