Drew Gilpin Faust, newly inaugurated as Harvard’s 28th president and the first woman in the role in its 371-year history, has pledged to make the university more affordable to lower-and middle-income students.

“We must make sure that talented students are able to come to Harvard, that they know they are able to come, and that they know we want them here,” she said during her installation ceremony. “We need to make sure that cost does not divert students from pursuing their passions and their dreams.”