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.

Harvard is finally spending some of its endowment on what people really need - a break from tuition. Now, if other schools follow suit that will help reduce the absorbatant cost of a college education. Of course, it might be better for universities to run themelves better and lower the tuition for everone.

 

Submitted: Dec 10, 2007    Views: 220    Comments: 0    Likes: 1   


View Article: http://www.boston.com/news/local/breaking_news/2007/12/harvard_anno...


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