Rich Student, Poor Student

March 20, 2006

Harvard University has a $25 billion endowment and in 2003-4, only 6 percent of its undergraduates were of sufficiently modest means to qualify for Pell Grants. While Pell eligibility varies based on a number of factors, only 5 percent of Harvard undergraduates that year came from families with incomes less than $30,000.

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