I commend them for doing this especially in relatively short notice.
However, I would prefer it to be a sliding scale. Say, if you are from a family 60,000 or less, it's free. then, from 60,000 to 80,000 it's scaled to the point of if you make 81,000 you're out of the program.
It's really going to suck for the kid whose family makes 61,000 per year.