This is a great sign. It looks like Yale already followed Harvard’s lead in dropping tuitions. Hopefully the tide will swell…

Yale to Join Harvard in Easing Student Cost, Schools May Follow

Yale University next month plans to announce a student aid plan that could rival Harvard’s initiative to ease costs for “middle-income” families.

Again what impresses me about this is both the moral fiber that these schools are showing by doing the right thing, but it can also be seen as a private market solution to the problem of increasing costs in higher education. This, among other factors, has been a major burden for the middle class. It is exciting and reassuring when powerful actors do the right thing to help solve the problems of the marketplace.