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Tuesday, December 18, 2007
HARVARD UNIVERSITY BECOMING AFFORDABLE
Harvard University - one of the nation's most prestigious and expensive colleges - last week expanded its efforts to get more students from both low-income and middle class families attending school on its Ivy League campus.
The school announced that beginning next fall families earning between $120,000 and $180,000 a year will be required to pay no more than 10 percent of their income for their child's education.
The move comes atop a decision three years ago to waive all costs for students coming from families earning less than $40,000 a year.
And last year the free education program was extended to students coming from families earning up to $60,000 a year.
In addition, Harvard will eliminate student loans and replace them with grants which do not have to be repaid.
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