Monday, December 10, 2007
Harvard Issues New Financial Aid Guidelines Designed to Assist Middle-Income Students
Nearly fifteen years ago, John Columbo asked "Why is Harvard tax exempt?" 36 Arizona Law Review 841 (1993). The question, of course, can be asked of most any institution sitting on a mountain of endowment money, yet increasingly catering to the so-called "elites" of society (translated, "those who can afford the commercial prices charged"). There is, of course, nothing Harvard and others like it can do about the inordinate demand for their services. But today, Harvard announced new guidelines designed to make their educational services more accessible. Now if we can only get rid of the damnable U.S. News and World Report "rankings" we might be on to something.