Harvard waives fees altogether for families making less than $65,000. More than 60% of US households have income less than that+, yet only 20% of Harvard&#x27;s undergraduate class pays no fees. From this we reasonably say that Harvard is mostly a school for rich kids, despite its generosity to those non-rich kids it lets in. In this way it is similar to elite private high schools in NYC or boarding schools in New England (both of which still send many students).<p>+This in not quite the correct referent class, as you&#x27;d want households with an 18 year old rather than all households. Still I&#x27;d be suprised if it was too far off.