Harvard University has made some monumental changes to their financial policies in order to make college more affordable for middle- and low-income families. Families with incomes under $60,000 will no longer be expected to contribute financially to the cost of sending their child to Harvard. In turn, families who make between $60,000 and $180,000 will find their costs reduced as well.
For more information, take a look at this page from the Harvard Financial Aid Office.
(Now let’s just hope lots of other schools will follow suit!)