Harvard's recent decision to eliminate tuition for families earning less than $200,000 has raised questions about college savings. While some may consider scaling back their efforts due to this initiative, experts recommend continuing to save. The unpredictability of college choices and potential tuition increases at other institutions means that maintaining a college savings plan is still important. Each family situation is unique, and adequate savings can provide critical support regardless of future tuition trends.
Harvard's announcement of a tuition-free model for families earning under $200,000 may cause families to reconsider their college savings strategies, but maintaining savings remains important.
Despite Harvard's tuition-free initiative, families are advised to continue saving for college as they cannot predict their child's school choices or potential future costs.
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