HARVARD COLLEGE IS OFFERING FREE TUITION TO UNDERGRADS FROM LOW-INCOME HOUSEHOLDS...

Yup! Harvard College, a School at Harvard University, America's oldest higher learning institution and one of the most prestigious, has announced new financial aide policies, which includes free tuition for undergrads whose families household income is less than $60,000 a year, and without student loans. Incredible! Pop the Trunk for the official announcement...
 Via the Harvard College website:

In December of 2007, President Drew Faust announced a sweeping overhaul of financial aid policies designed to make Harvard College more affordable for families across the income spectrum. Over the past decade we have increased our scholarship aid by 163%, and this year we are awarding a record-breaking $158 million in need-based scholarship assistance to almost 60% of our students.

Our new financial aid policy has dramatically reduced the amount families with incomes below $180,000 are expected to pay, and parents of families with incomes below $60,000 are not expected to contribute at all to college costs. We no longer consider home equity as a resource in our determination of a family contribution, and students are not expected to take out loans, which have been replaced by need-based Harvard scholarship. This new program has reduced the cost to middle income families by one-third to one-half, making the price of a Harvard education for students on financial aid comparable to the cost of in-state tuition and fees at the nation’s leading public universities. For a more detailed explanation of our program, please click here.

We look forward to working with you,
 

The Harvard Financial Aid Office