The Good News Is... Harvard has just released its admissions statistics for the upcoming year, and they are impressive as always—and maybe a little more so.

The number of applicants rose to 22, 796, a new record, and after losing out to Yale last year, Harvard recaptured its status as the most selective college in the country, accepting only 9.1 percent of applicants.

And Harvard says that those applicants will benefit from the financial aid initiative Larry Summers has promoted, reducing tution for families with incomes from $40,000 to $60,000 and eliminating it for families with incomes under $40,000.

The number of students likely to be eligible for what's known as the Harvard Financial Aid Initiative is around 360, a 22% increase from last year.

If the Harvard admissions office really found some 60 new students from low-income families who qualified for admission, good for it....  ¶ 10:17 AM