Harvard President Drew Faust has expanded the college’s financial-aid program so that families with annual incomes of $180,000 or less pay no more than 10% of their incomes for their child to attend. 20% of undergraduates’ families pay nothing, according to the Cambridge, Massachusetts-based school’s website. Griffin’s gift will provide funds for as many as 800 students annually, the university said in the statement.
'Ken Griffin’s extraordinary philanthropy is opening Harvard’s gates wider to the most talented students in the world, no matter their economic circumstances,' Faust said in the statement.
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