Word: hfai
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...Initiative, effective this fall, will eliminate the family contribution for students with family incomes under $60,000 per year. But the good news comes with a sobering addition: tuition will rise this fall to a total of $43,655 per student. The expansion of the Harvard Financial Aid Initiative (HFAI) is a great stride in Harvard’s financial aid efforts. Previously, HFAI waived family contributions only for students with family incomes under $40,000 per year. In recent years, Stanford and Yale had one-upped Harvard’s promise by waiving tuition for families with incomes less...
...Sally C. Donahue said in a joint interview Thursday evening. With the announcement, Harvard jumps to the head of a pack of top universities that are expanding financial aid for undergraduates from low-income and middle-class families. In 2004, University officials unveiled the Harvard Financial Aid Initiative (HFAI) and pledged that families earning less than $40,000 a year would no longer have to contribute to the cost of their children’s tuition, room, and board. In addition, parents with annual incomes between $40,000 and $60,000 would see substantial cuts in their contributions to tuition...
Fitzsimmons said he projects that 481 of the 2,109 students admitted to the Class of 2010 will qualify for HFAI, but emphasizes that the number is only an estimate...
...waiver requests this year, precisely the same number as it did last year—an indication that the number of freshmen from low-income backgrounds next year would remain roughly the same. The current admit pool, however, is projected to see a 10 percent increase in eligibility for HFAI...
...were pretty conservative this year with early admission, in part because we certainly had more than an inkling of the success of the HFAI program,” Fitzsimmons said. “We were pretty sure that there was going to be a pretty diverse regular applicant pool...