Harvard To Offer 40% Tuition Cut For Families Making $180K Or Less

Harvard To Offer 40% Tuition Cut For Families Making $180K Or Less

Middle- and higher-income families, including those making $180,000, will get significantly more financial aid from Harvard University next school year under a new initiative unveiled today.

Harvard President Drew Faust�s announcement puts more focus on financial aid for wealthier families after several years of efforts aimed at the students from the lowest family income levels. Faust�s predecessor, Lawrence Summers, sparked many other schools to follow suit when he announced in 2004 that the university would foot the entire cost for families making under $40,000. In 2006, the university extended the same benefit to families making under $60,000.

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