By Rajkamal Rao
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"If you’re making less than $100,000 per year as a family, you tend to not pay much of anything in tuition costs anyway - it is cheaper than going to a state school.” - Peter Cappelli, Professor of Management, University of Pennsylvania.
In recent years, many colleges have expanded their outreach to low and middle-income families by offering extremely generous tuition discounts, sometimes over 90%. Of course, students from these families must still get in through the normal admissions process. In the chart below, a low income student admitted to Harvard can get a discount of 96%! Rules about how to define low income vary, but a family which earns less than $60,000 may qualify.
|Source: US Department of Education, College Scorecard|
The New York Times Upshot column has also included many public universities in its list of colleges that do their best to attract low and middle income students.
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