Harvard is the latest elite school to announce that families with incomes of $200,000 and under will not pay tuition as a way to bolster diversity.

Harvard University announced it is now offering free tuition to students whose families make $200,000 or less per year. It also said Harvard College will be free for those whose families make $100,000 and under.

Harvard: Harvard University has unveiled an expansion of its financial aid program, making it possible for more students from middle-income families to attend the institution. Tuition-free education for families earning $200,