Harvard says “it can’t be done” all the time, @JBStillFlying, as you know. They’ve got finite resources, and although they might be able to find the money for a great many things, such as making any department the unquestionable best in the world, erecting any kind of building or facility, or making tuition free for every undergraduate, doing so might not be worth the cost. They could scale back or shut down departments or programs, close facilities, forgo projects or fire lots of staff. They could borrow more money than might be considered prudent. They could spend down the endowment. They could obtain the hundreds of millions of dollars that they need to renovate the houses by allowing the houses to be renamed after whoever shows up with the biggest check. They could franchise out the Harvard name. They don’t - and say “it can’t be done” - because it’s not in their best interest to do these things, and it’s not in their best interest because it would be wrong. We all try to do right things, and avoid doing wrong things, because we see it as being in our interest.
Harvard and its peer schools have arrived at an equilibrium where the sticker price for tuition, room and board is discounted by around half on average. Many students pay full freight so that many more can pay much less. The full payers subsidize the low payers, as well as the operations of the university. Without the revenues from the full payers, the money would have to be found elsewhere, which would mean that the operations would have to be cut back, or the university would need to borrow imprudently or (also imprudently) spend down the endowment, distributions from which, as noted previously, can cover a third of the operating budget at these schools. This is the regime that the universities budget for.
If you squeeze one side of the balloon, you’re going to push it out on the other side. When you say “they’d find the funds”, to make undergraduate tuition free, maybe you think they could just pull a bit from here, a bit from there, and nobody would notice. But the departments that had their funding cut back, and the staff that were fired, and the PhD candidates who couldn’t be funded would notice. And so, in a regime where the world broadly accepts that Harvard and its peers can charge $65k for room and board to enough full payers to result in the average undergraduate paying half that, with a large subsidy being provided to operations, that’s what Harvard is going to do. The undergraduates might love the elimination of tuition; many others at Harvard would be screaming their heads off.
@Cariño, the “academic requirements” to get into Harvard (which are set by Harvard in their sole discretion) can be summed up as “this kid can graduate from Harvard”. Clear that bar, and Harvard looks at everything else in your portfolio, including whether you’re an athletic recruit, a virtuoso contrabassoonist, an underrepresented group, a potential Nobel prizewinner, a celebrity’s kid and any number of other things, including whether or not you’re a legacy or development case (and, by the way, they reject the vast majority of those legacy applicants and the ones they admit, as a group, have academic stats comparable to or better than the admitted students as a whole). There are many threads dealing with this topic.
@marlowe1 - those “most talented kids of modest income” are being lured to Harvard by need-based awards that often make Harvard the best and cheapest alternative available. And yes, @JBStillFlying: the Ivies aren’t allowed to provide athletic scholarships and don’t provide merit money, but they will meet demonstrated need.