18to35.org reports that Harvard is kicking the bill for the children of families that earn less than $60K/yr. The students will continue to be required to pay some amount based off of a payment schedule that is tied to their campus employment.
What a great step. Harvard has the means to be a major influence in changing the educational landscape and I am glad to see them take such a meaningful step.
A tiered payment program could be implemented so as to not leave the $61K families out to dry.
Also, while I feel this is an incredible step, I would be interested to learn about the requirements with the payment schedule and the campus jobs.
I just graduated with my BS a week ago. I worked multiple jobs through school both for experience and to keep the bills paid, but found that those who had really high financial demands were at a considerable disadvantage when they had to sacrifice extracurricular activities and career promoting opportunities.
At this point is the $6,000- $8,000 a year that a campus job will earn really worth the sacrifice to the individual when that amount is of such little significance to Harvard?
A great step... there is still a better way.