http://www.nytimes.com/2007/12/10/education/10cnd-harvard.html?ex=1354942800&en=3ce3523aabbf68f8&ei=5088&partner=rssnyt&emc=rss I guess they have enough money in their endowments to be able to do this. I hope it doesn't take away from any of the programs/libraries/educational funds. Although I'm still a little confused on why they don't make them take out some level of loans before doing subsidy. I'm sorry at $120,000 a year, you should be able to afford more than $12,000 in tuition....if your family filled out a FAFSA I'm sure $12,000 wouldn't be where it cut off family contributions. In fact, when my husband was sole provider and I was going to school....we were lower than $120000 and didn't qualify for any Stafford loans because we made too much (my tuition was around 12K a year for a public school) I go to Notre Dame and they have a somewhat similar program and 98% of students are on some form of financial aid here. Here though they require the families to take out some type of loan up to a certain amount (the amount FAFSA says they should be able to contribute based on their income) and then they'll subsidize. The unfortunate thing.....it covers tuition...but not living expenses, which can be atrocious in places like Cambridge. So students are still working like crazy to be able to live.