January 15, 2008
Yale Follows Harvard in Announcing Big Student-Aid Jump
Yale University said on Monday that it would reduce the average cost of studying in New Haven, Conn., by at least half for families with annual incomes below $120,000. The announcement came just a month after Harvard University announced a similar plan to reduce debt among students from middle- and upper-middle-income families (The Chronicle, December 11, 2007).
Under Yale's plan, most families who earn $60,000 to
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