4 ms·

People can adjust income to qualify. Rich people will be first to game the system.

• WalterBright 2y ago
  You'd think Harvard educated people could come up with a continuous function rather than a step function. Students who are unable to understand a continuous function are not Harvard material anyway :-/
  • mlyle 2y ago
    You have said this twice, but it's not accurate. Harvard provides 100% of demonstrated need; just it works out that they cover all for those earning under $200k (plus all food/housing under $100k). So e.g. if you make $210k/year in California with a family of 4, and the parents have $300k in cash and short term investments, they cover $45k -- or about 2/3rds of tuition. With $0 in investments, they cover $57k-- 90% of tuition. If both kids are in college in this situation, they move to $65k, or slightly over 100% of tuition in this situation.
    • WalterBright 2y ago
      It was accurate according to the article. Thank you for providing better information.
      • CaliforniaKarl 2y ago
        Please do not assume that a single article contains the full truth of a situation. People are empowered to do their own research. Curiosity is better than cynicism.
      • mlyle 2y ago
        The article never said that kids from families earning over $200k pay full tuition. I do think the function could look pretty dang steep around $200k-- if you are in a low cost of living state with significant investments and one kid. But that's an edge case.