Word: hfai
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...Harvard cited this statistic last spring when it revamped the Harvard Financial Aid Initiative (HFAI), under which parents with incomes under $60,000 will no longer be expected to contribute to the cost of attending Harvard, and families with incomes between $60,000 and $80,000 will have their expected contributions significantly reduced...
...potential payoff for Zambrano is great. Chamorro-Padilla says her yearly income totals about $60,000, which means the family might qualify for HFAI. The financial picture, however, will ultimately depend on whether Zambrano’s father, who is divorced from his mother, decides to pitch in. “We’re trying to contact him about that,” Zambrano says...
Harvard introduced its Financial Aid Initiative (HFAI) in 2004, which eliminated tuition payments for families making less than $40,000 a year and reduced costs significantly for families earning between $40,000 and $60,000—thresholds that were raised to $60,000 and $80,000 respectively this past March...
According to figures released by the Office of Admissions earlier this year, 360 members of the Class of 2009 were benefiting from HFAI...
...really would be tragic to turn down someone more talented because she happened to a be woman,” he says.Fitzsimmons adds that it’s possible for Harvard to see a larger share of women if the Harvard Financial Aid Initiative (HFAI) continues to increase socioeconomic diversity on campus. A great deal of research—including research from Goldin and Katz—has found that in lower socioeconomic brackets, females tend have higher college enrollment rates than males. For the Class of 2010, according to Fitzsimmons, 53 percent of HFAI students are women.Fitzsimmons...