Word: hfai
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Harvard is moving into uncharted territory with its most recent expansion of the Harvard Financial Aid Initiative (HFAI). But Harvard’s progress thus far in enlarging financial aid awards for lower- and middle-income students has not tested the true, underlying goals of the initiative. Only by extending HFAI to cover middle-income students can Harvard cement the initiative’s reputation as one based on egalitarian principles, not just on the enhancement of Harvard’s image...
...ground on which Harvard and HFAI are treading resembles a long, graded hike up to a high and rocky plateau. Broken down by family income, about 25 percent of Harvard families make less than $80,000 a year. Next year, HFAI will address significantly more of these families’ financial needs, including the elimination of parental contribution for families earning under $60,000 a year. As impressive as this sounds, these initial 25 percent of families are the metaphorical warm-up jaunt through scrub brush and pine needles in anticipation of the difficult, rocky climb ahead...
...positive press that HFAI has generated for Harvard, it has cost the University relatively little. The most recent expansion of the initiative requires a $2.4 million increase in a nearly $90 million budget. No chump change. But $2.4 million pales in comparison to the money that will be necessary to make a Harvard education universally accessible to the many more numerous middle-income families sending children to Harvard...
...press release for this recent HFAI expansion, Dean of the Faculty William C. Kirby said that “Harvard is actually more affordable for many students than public colleges or universities.” Note the qualifier: “many.” Certainly, Harvard is more affordable for students whose other alternatives are paying out-of-state tuition for an elite public university. Where Harvard continues to fail, however, is in providing an acceptable level of financial aid to middle-income families. These families, which make between $110,000 and $200,000 a year, have been excluded...
...enjoying a summer abroad. Like affirmative action for income brackets, the increased ability of lower-income students to access aid and scholarships has made Harvard more affordable for them than for some middle-income students. This outcome is absolutely wonderful. But it should be only a transitional phase for HFAI...