The White House just signed in to a law a bill that will aid students in paying back student loans as tuition increases each year at universities across the nation. Even this isn't enough to aid a large population of talented students for whom a college education is out of financial reach.

Some private universities with large endowments are stepping up to the plate, with the understanding that they can't attract talented low-income students without aiding them financially.

Under an initiative Harvard introduced in 2007, families earning between $60,000 and $120,000 a year are asked to contribute between zero and 10 percent of their annual income, on a sliding scale. Those earning between $120,000–$180,000 pay 10 percent.
Harvard's annual tuition-including room and board-is $50,724. More than 60 percent of students receive aid, with need-based grants averaging about $40,000.

A student coming out of Harvard and choosing a career as a journalist, an educator or public servant-or any traditional low-wage job-could probably not pay off their $200,000 student loan in their lifetime.

"Harvard remains committed to a fully need-blind admissions policy that will enable us to continue attracting the most-talented students, regardless of their economic circumstances,'' said Michael D. Smith, dean of the Faculty of Arts and Sciences.

In today's uncertain and stressful economic times, Harvard's commitment to its bright students, regardless of their family's income and net worth, is an example that all college institutions should follow.

The strength of America is only increased when all students who show a desire and willingness to achieve are afforded equal access to a higher educational experience.