fin aid that good????????

Colleges & Universities A-Z Harvard University
1

<p>on the harvard site it said that for families earning less than 60 000 $ there is no parental contribution. does that mean its a full ride? and also y bother doing the questbridge scholarship if elite schools offer such fin aid? so does that mean that one can potentially go to any ivy league school without paying for 4 yrs?</p>

2

<p>Yes, HYP’s financial aid is that good. </p>

<p>Harvard: <a href=“http://www.admissions.college.harvard.edu/financial_aid/index.html[/url]”>http://www.admissions.college.harvard.edu/financial_aid/index.html&lt;/a&gt;&lt;/p&gt;

<p>Princeton: <a href=“http://www.princeton.edu/admission/financialaid/how_it_works/[/url]”>http://www.princeton.edu/admission/financialaid/how_it_works/&lt;/a&gt;&lt;/p&gt;

<p>Yale: <a href=“http://www.yale.edu/admit/freshmen/financial_aid/yale_cuts_costs.html[/url]”>http://www.yale.edu/admit/freshmen/financial_aid/yale_cuts_costs.html&lt;/a&gt;&lt;/p&gt;

<p>As for your QuestBridge question - not all schools do QuestBridge. I know Harvard doesn’t participate in it (Princeton and Yale do). But, the vast majority of colleges that are part of QuestBridge don’t have the financial aid that Harvard, Princeton, and Yale do. So students whose first choice school is not Princeton or Yale (since Harvard doesn’t participate in QuestBridge) will apply through QuestBridge to their first choice college.</p>

<p><a href=“http://www.questbridge.org/[/url]”>http://www.questbridge.org/&lt;/a&gt;&lt;/p&gt;

3

<p>ok perfect answer thanks but does the no parental contribution mean it’s a full scholarship full ride?</p>

4

<p>Yes, besides your own personal expenses, of course (travel, for example).</p>

5

<p>Wow. So it includes tuition books room board food everything except for a laptop I want and the gas to get there? Etc. Also are hyp fin aid all the same? Or is h he best because of it’s large endowment?</p>

6

<p>Doesn’t include books, but it does include the meal plan and room and board. HYP all have the same “free-ride” policy for students whose families earn less than $60,000 per year.</p>

<p>At Harvard, “low-income” students don’t have to pay anything directly to the university except for a small (~$250 per year) contribution to the Harvard Student Health Plan. You’re expected to work throughout the school year and during the summer to save money for books, personal expenses, and transportation. I’m not sure whether the Questbridge scholarship covers those ancillary costs.</p>

7

<p>Ok thanks mustafah. So again to clear up things Harvard would NOT pay for the books. That is expected of me during work study or what? How much would student contribution be . In other words how is it calculated? On your savings?</p>

8

<p>Right, none of those colleges will pay for books. But room, board, food, and tuition are all covered.</p>

9

<p>Normally, low-income students are expected to earn $3800 ($1300 during the summer and $2500 during the school year) to pay for books, personal expenses, and transportation. But that’s just a guideline: you will probably want to earn more than that, especially if you like to party.</p>

10

<p>Yea you are totally right. But listen does the more money I save up working does that mean I would have to contribute more for the student contribution?</p>

11

<p>I believe Harvard takes 5% of your own savings into consideration. So if you have $3800 saved up, you’d be expected to contribute $190 extra, which isn’t much at all.</p>

12

<p>^ Yeah, I think you’re right. If you’re worried about that, GAC1107, there a few financial instruments available to “protect” your savings.</p>

13

<p>Ok what if I have nothin saved up. nada and I haven’t gotten a job. What would happen then?</p>

14

<p>Well, let’s say you apply this upcoming spring. If you were to be accepted, you’d receive your financial aid package sometime in April, and it would tell you that you need to earn $1300 during the summer. If you can’t work, it’s possible get a loan from Harvard to cover those lost earnings, provided the reason is acceptable (eg., volunteer work, summer enrichment programme, family issues, etc.).</p>

15

<p>Hmm… my package doesn’t say anything about summer earnings… there’s only term-time job.</p>

16

<p>Great thread.</p>

17

<p>I believe each student is required to contribute $1500 + whatever % of their savings right?
Because I had never had a job, and when I did my FAFSA/CSS I had about $125 in my bank account. My student contribution is $1500 for the year.</p>

18

<p>it’s not like 2k a year in loans is going to cripple a harvard grad</p>

19

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<p>My student contribution was $1300, plus $2500 from a term-time job. I believe that’s the most generous scholarship available, though I’m not sure.</p>

20

<p>Isabella_nijo. If you are an international student, you won’t have a summer earnings requirement. Otherwise, you should.</p>