"Harvard
undergraduates and their families will benefit also from an
initiative, announced Feb. 28 by President Lawrence H. Summers, that
completely eliminates the need for families earning $40,000 or less
annually to contribute toward their children's Harvard College
education. The initiative also lowers the parental contribution
expected from families earning between $40,000 and $60,000. The
program expands Harvard's commitment to undergraduate financial aid
by $2 million annually."