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While Harvard has unveiled a financial aid program that will extend support to all families with yearly incomes up to $180,000, the change could cut into the number of acceptance letters Harvard sends out in April...
...natural reaction when I read that a family making $180,000 per annum will possibly qualify for financial aid is to cringe. But Harvard’s recent announcement that, along with eliminating all loans, it will provide aid for some families earning between $120,000 and 180,00, gave me new rise. In some cases, a family earning $180,000 might only be responsible for paying ten percent of their income, which is not even half the cost of a full tuition. My gut tells me that it is a lot of money, earned by a small percentage...
Harvard has once again vaulted ahead of its peers in eliminating socioeconomic barriers to attending college. This time, the University made three different improvements that totaled to a $22 million per year increase in Harvard College’s financial aid budget. The headliner was a vast increase in aid to middle and upper-middle class students. But just as important are Harvard’s termination of loan-based aid and the exclusion of home equity from aid calculations. The new policy will limit annual tuition payments to no more than 10 percent of income for families making between...
...editors: Re: New Aid Plan Targets More Affluent Families, news, Dec. 11. As a current student at the Law School and a graduate of the College, I view Harvard as a second home and I am proud to be an alumnus. I applauded Harvard’s efforts under former President Lawrence H. Summers to enable all students to attend Harvard by waiving fees for families making $40,000 to $60,000 a year. However, I am deeply dismayed by Harvard’s gleeful announcement today that it is increasing its financial aid for families making...
...says she has found financial aid officers, administrators, and professor to be accommodating and compassionate toward her situation, though she says when they find out that she has a child, “there’s this sort of tacit sense of surprise, though they’re supportive...