Some of the country’s most prestigious colleges have been attempting to make higher education more affordable to the average American family.

For example, Duke has reduced loans for families with annual incomes of up to $100,000. In addition, schools such as Williams College, Davidson College and Amherst College are removing loans from all student financial-aid packages.

Harvard has recently made huge strides to cut costs and will continue to do so next fall. The university has cut loans from all student financial-aid packages and is reducing the price of tuition for families with annual incomes of up to $180,00. The school no longer takes home-equity loans into consideration when calculating family income. Next fall, a family that makes $180,000 per year will pay 10 percent, or $18,000.

–Sara Elizabeth

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