<p>Here’s another clarification on the issue discussed above from today’s Harvard Crimson:</p>
<p>"Neither university created hard rules, however, with Harvard noting the policy applied to families with “assets typical for these income levels,” and Yale specifying that families would pay an “average” of 10 percent of their income. The schools did not elaborate on the meaning of the phrases. </p>
<p>“Both Harvard and Yale’s press releases gave examples of a family earning $180,000 per year. Harvard would expect such a family to contribute approximately $18,000, while Yale said such families would be expected to contribute $23,050—more than 10 percent of income—if they only had one child in college and $11,650 if they had two children in college.”</p>
<p>It really depends on each case, but the bottom line is that I doubt very many people will be deciding either way based on money.</p>