Word: hfai
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While coursepack costs remained exorbitant this past year, Harvard continued to make a college education more accessible to low-income families. In April, the Harvard Financial Aid Initiative (HFAI) was expanded to eliminate the family contribution for students with family incomes under $60,000 per year and dramatically reduced the contribution of families with income under $80,000, a move that pushed Harvard far ahead of its competitors, and will hopefully generate a ripple effect across higher education. But Harvard must not neglect the students (and their) families with annual incomes too large to qualify for Harvard?...
...Class of 2010 will matriculate at the College next year, giving Harvard its highest yield in over a quarter century, Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 said yesterday. Fitzsimmons attributed the high yield primarily to the expanded Harvard Financial Aid Initiative (HFAI), which this year made Harvard free to all students whose parents earn less than $60,000 a year, up from a previous annual salary of $40,000. Of the 2,109 students who received acceptance letters, 1,684 will attend the College. Because Harvard only aims to enroll 1,675 students...
...nationwide Native American population, 1.5 percent, according to the 2000 U.S. Census. According to a recent newsletter from the Harvard University Native American Native American Program (HUNAP), there are 56 Native American students currently enrolled.Much of the recent success can be attributed to the Harvard Financial Aid Initiative (HFAI), said Roger Banks, Undergraduate Minority Recruitment Program (UMRP) director and senior admissions officer. HFAI waives tuition for families earning less than $40,000 annually and reduces the contributions of families making less than $60,000. UMRP has encouraged minority students to apply to Harvard and has worked to provide a welcoming...
Though a Harvard education will likely never be free, it should be affordable to all. Traversing middle-income terrain will be a more difficult task for HFAI. But the moral rewards that lie beyond promise to be truly breathtaking...
Harvard’s first priority still must be to target and attract underrepresented and lower-income students—people for whom HFAI is currently tailor-made. Fitzsimmons and the successors of University President Lawrence H. Summers and Dean Kirby cannot stop there, however. If Summers truly believes that “the larger the lake you fish in, the bigger fish you will catch,” then he should ensure that Harvard’s financial aid hook is baited with middle-income lures as well. The problem, as I alluded to before, is that these lures...