Only 3.8 percent of American families make more than $200,000 per year. But at Harvard University, 45.6 percent of incoming freshmen come from families making $200,000 or more. A mere 4 percent of Harvard students come from a family in the bottom quintile of U.S. incomes, and only 17.8 percent come from the bottom three quintiles. “We admit students without any regard for financial need—a policy we call ‘need-blind admission,’” Harvard’s website proudly proclaims. Harvard charges $54,496 per year for tuition, and room and board, but waives the fees for families making less than $60,000 per
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