Word: tuitions
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...from the important option of applying to other commitment-free programs in the winter. This was a particularly significant change for lower-income applicants, who lose more than three months of playing multiple schools’ tentative financial packages off one another. A full season of critical negotiation over tuition for Harvard applicants has been replaced with what will be a single frenzied month in mid-Spring. And so, faced with a requirement to choose Harvard in November and put off all other applications until the January regular-action process, prospective students who did not already have their minds made...
That move would shift Harvard’s total Pell number from about 600 to about 1,000, and would carry a steep price. Not counting the tuition losses Harvard would incur by pushing out better-off students, and subtracting out the amount in Pell money these students would receive, Harvard would have to tote a bill of about $14 million in grants to pay for these students’ aid, according to numbers provided by Donahue...
...practical terms, promising away debt means reducing the portion of aid students are expected to contribute of their own earnings—what colleges call the “self-help” expectation. Lowering the self-help expectation makes it possible for students to contribute to their college tuition solely through work-study, rather than taking out loans...
There is a big difference between Harvard and what Donahue and Fitzsimmons call “mega-money” scholarship options at places like the University of Virginia and Duke, scholarships which not only forgive a student’s tuition but give out extra money as an incentive to enroll. “We’re not in the business of paying students to come here,” she says...
...won’t apply for council funding, no sense in turning down $100 in free money. But is this really the role of the council, ostensibly a student group despite the fact it answers to the administration and relies on it for funding through a fee on our tuition bills...