December 21, 2007

Harvard's New Aid Policy Raises the Stakes

By ERIC HOOVER

Harvard University flexed its multibillion-dollar muscles last week. Many observers marveled, but not everyone applauded. After all, how many other colleges could offer giant tuition breaks to middle- and upper-middle income families?

With its $35-billion endowment, Harvard can afford its bold financial-aid program. Next year the university plans to eliminate loans, ask families with salaries between $120,000 and $180,000 to pay no more than 10 percent of their income, and charge its

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