Word: hfai
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Those growing numbers have made it inside the gates thanks in large part to the Harvard Financial Aid Initiative (HFAI), which justly waived the parental contribution from families living on less than $40,000—an income equivalent, incredibly, to one year’s full tuition at the College—and sent recruiters in aggressive pursuit of lower-income applicants...
According to recent estimates from the admissions office, 290 HFAI-qualifying students have accepted offers of admission to Harvard, generating a yield of 79 percent for that group—4 percent lower than the figure for last year, when the initiative first took effect...
...recent interview, Summers expressed his contentment with the effects of HFAI on this year’s admissions process...
According to Fitzsimmons, the admissions office is working to refine the HFAI program for current students and for future recipients...
...College is also planning to assign an adviser to all incoming freshmen who receive aid from HFAI...