SOME STUDENT LOANS

Now, however, parents earning between $60,000 and $120,000 will pay a percentage of their incomes. Families earning under $60,000 already pay nothing to attend the world's richest university, with an endowment of nearly $35 billion. The university said it would replace all loans with grants and spend up to $22 million more annually on aid, mostly targeting middle- and upper-middle class students. Harvard University announced a major expansion of financial aid that will reduce tuition bills by thousands of dollars — even for families earning six figures.