Word: hfai
(lookup in dictionary)
(lookup stats)
Dates: during 2005-2005
Sort By: most recent first
(reverse)
...admitted, a record-low for Harvard, and a lower acceptance rate than any rival school. More importantly, however, is the fact that 22 percent more of the Class of 2009 as compared to the Class of 2008 will benefit from Harvard’s extraordinary Harvard Financial Aid Initiative (HFAI). All of this data signals that, in socioeconomic terms, Harvard is drawing a more diverse class than ever before and is remaining one of the most competitive schools in the nation...
...Admissions William R. Fitzsimmons ’67, currently less than 15 percent of enrolled Harvard students come from the poorest 60 percent of households. However, it is clear that Harvard is working to change this disproportionate representation. Last year, President Lawrence H. Summers and Fitzsimmons created the HFAI, stipulating that families earning $40,000 a year or less do not have to contribute any money, and those earning between $40,000 and $60,000 have to pay substantially less as compared to previous years. Furthermore, Harvard will offer a record amount of financial aid next year, $84.6 million...
Harvard, and especially Summers and Fitzsimmons, deserve strong praise for the growing diversity of Harvard, the apparent success of the HFAI, and the increase in financial aid. While lower-income applicants do not make up a large part of the class of 2009, it is clear that Harvard has made substantial progress in reducing the barriers to a Harvard education...
...also clear that Harvard’s move to make college more affordable has had an impact on its peer institutions. Last month, Yale followed Harvard’s lead, mimicking the HFAI and unveiling its own financial aid program designed to help low-income students attend Yale. Hopefully, other schools will follow with similar programs...
Nevertheless, Harvard cannot be content to rest upon its laurels. It must continue to work to recruit low-income students and must also continue to publicize the HFAI and its financial aid program in general so that as many high school students as possible know of the aid the College offers. Harvard has made great strides forward, but it still has a long way to go. Only then will we have realized President Summers statement in the Harvard University Gazette that “Harvard is—really and truly—an option for exceptionally talented students whatever...