@compmom That’s not correct. The 10% rate only applies to incomes between $65,000 and $150,000. I’m not sure exactly but aid phases out somewhere around $200,000. And significant assets affect the equation.
From Harvard’s site:
“Families with incomes between $65,000 and $150,000 will contribute from 0-10% of their income, and those with incomes above $150,000 will be asked to pay proportionately more than 10%, based on their individual circumstances. Families at all income levels who have significant assets will continue to pay more than those in less fortunate circumstances.”