Harvard comps tuition for low-income students

Harvard is waiving tuition for students from families with less than $40,000 in income.

"Too often, outstanding students from families of modest means do not believe that college is an option for them, much less an Ivy League university," Summers said at the recent meeting of the American Council on Education in Miami, according to a transcript published by Harvard. "Our doors have long been open to talented students regardless of financial need, but many students simply do not know or believe this. We are determined to change both the perception and the reality."

Link (Thanks, Nick!)

Update: Princeton's been at this for ages. (Thanks, Drew!)