<p>^^^ Absolutely not true. From 2008 to 2011, Harvard families earning between $150,000 and $180,000 paid, on average, about 10% of their AGI to Harvard. Using the top-end figure, that means paying $18,000 for tuition, room and board, which is a considerable discount to the full-fare price. Most families from that income bracket, with standard assets, received approximately $33,000 in financial aid during those years.</p>