Finally! Help for the Upper Middle Class

Do you realize it can potentially cost you much much less to send your child to Harvard than to your local state university? Thanks to an aggressive new initiative, aimed at targeting the long-underserved middle and upper middle classes, families of Harvard undergraduates making up to $180,000 will pay no more than 10% of their income. This will cut costs to those families by between a third to nearly half. 

This is huge. And long overdue. 

Families earning between $60,000 and $120,000 will pay even less—between zero and 10 percent of their income. 

Dean of Admissions William Fitzsimmons quite rightly points out that families making between $60,000 and $200,000 find themselves in a "real state of crisis" when faced with college costs, as they are "neither poor enough to receive exemption from tuition fees nor are they rich enough to absorb the high costs."

 

In many ways, this makes winning admission to a well-endowed school like Harvard even more enticing. It's kind of like winning a lottery ticket now.