While Harvard already gives a full free ride to kids from families that make less than $60K a year, I guess the school wants to make sure that slightly well-off people don't feel slighted. Harvard to Aid Students High in Middle Class - New York Times.
"Harvard University announced on Monday that it would significantly increase the financial aid it offered to middle-class and upper-middle-class students, seeking to allay concerns that elite colleges are becoming too expensive for even relatively well-off families. The move, to go into effect in the next school year, appears to make Harvard’s aid to students with household incomes from $120,000 to $180,000 the most generous of any of the country’s prestigious private universities. Harvard will generally charge such students 10 percent of their family household income per year, substantially subsidizing the annual cost of more than $45,600."
