Wednesday, June 25, 2008

Free Tuition for Harvard

Definitely wanted to pass this on...

From their Financial Aid website (emphasis added):
"Building on the success of the Harvard Financial Aid Initiative (HFAI), which eliminated the parental contribution from families earning $60,000 or less, Harvard recently announced major financial aid enhancements to ensure greater affordability for middle- and upper-middle income families. Beginning in the 2008–09 academic year, parents with incomes of $180,000 or less will be asked to contribute significantly less to the cost of a Harvard education. Additionally, home equity will no longer be considered in determining a family’s ability to contribute and students will not be expected to take out loans, which will be replaced by need-based Harvard scholarship."

Cool stuff.

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