The cost of going to Harvard will go up by 3.9 percent for the 2014-2015 academic year, according to the school’s website.
The total price of attending the college, including tuition, room and board, and other fees, will rise from $56,407 to $58,607, a $2,200 increase.
About 70 percent of students will receive some form of financial aid, including about 20 percent who aren’t expected to pay anything at all, the University said.
Students from families with an annual income of $65,000 or less, who make up about 20 percent of the student body, are allowed to attend the university free.
Students from families earning $65,000 to $150,000 annually are expected to contribute up to 10 percent of their income, with those earning more than $150,000 paying more than 10 percent.Catalina Gaitan can be reached at firstname.lastname@example.org. Follow her on Twitter at @catalina_gaitan.