Harvard University Boosts Financial Aid

Posted on December 12, 2007 

Harvard University Boosts Financial Aid

Families earning well into six figures will see the cost of a Harvard education reduced by thousands of dollars per year under a major financial aid initiative announced Monday that is bound to draw attention far beyond the school’s ivy-covered walls.

Harvard — whose $34.9-billion endowment is the largest of any university — already offered one of the most generous aid programs for low-income students of any private college, asking nothing from parents earning under $60,000.

But its announcement Monday, the latest of several recently by elite colleges concerning financial aid, reflects a shift toward making top schools more affordable to middle- and even upper-middle-class families. Harvard admits its full list price of $45,620, while comparable to other elite private universities, is a burden to all but the most wealthy.


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