Reply to Harvard Will Make Tuition Free for Students of Families Making Less Than 200K

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For all the cynics
1) this is a lot of students: Harvard said more than 25% of Harvard families have total incomes less than $100,000 and for those making up to 200k, they said they will at a minimum pay tuition - and there is not a fall off cliff for the family making $210K as they  
2) 55% of Harvard students are on financial aid - so no there is not a cliff. They note those making over $200k may be eligible
3) They don't count home equity. They do say they count assets. For those of you with $5m in assets, typically that would itself provide some type of income via dividends etc. but yes, it does appear that assets will be factored in. Would be strange if it was not that way but whatever. 
4) The school is not perfect by any means but this is helpful for many and will provide pressure for their peers who haven't moved this far to come closer. 
[/quote]
Your #3 is wrong. Use the calculators or go through process. They do factor in home equity.[/quote]

DP. Harvard explicitly excludes home equity, as does their NPC.

The PP’s 1-2 are misleading, though, precisely because of 3. You don’t need that high of assets to get dinged, even if the income is below the stated thresholds.[/quote]

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