Harvard makes a good move:
Aiming to get more low-income students to enroll, Harvard will stop asking parents who earn less than $40,000 to make any contribution toward the cost of their children’s education. Harvard will also reduce the amount it seeks from parents with incomes between $40,000 and $60,000.
“When only 10 percent of the students in elite higher education come from families in the lower half of the income distribution, we are not doing enough,” said Lawrence H. Summers, president of Harvard, who will announce the financial aid changes at a meeting of the American Council on Education in Miami Beach today.
Dr. Summers said that higher education, rather than being an engine of social mobility, may be inhibiting it because of the wide gap in college attendance for students from different income classes.
Hopefully this will threaten Eli pride enough to push our University to follow.