Last December, Harvard University announced that it would significantly expand financial aid to students from families earning as much as $180,000 a year. Now other similarly priced institutions are forced to compete or lose students. Though many institutions were moving to eliminate loans from their financial aid packages, Harvard's largess may be too much for these schools to afford. Additionally, critics believe Harvard's move could end up shifting financial aid from low-income students to wealthier ones.
Read the entire article at:
http://www.nytimes.com/2007/12/29/us/29tuition.html?_r=1&ref=education&oref=slogin
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