Financial Aid at Yale, Harvard for Internationals

Student Lounge International Students
21

<p>So, if colleges like Harvard, Yale, Princeton will cover 100% of costs you can't pay</p>

<p>This is a misconception because what you can afford to pay is all relative. What harvard and Princeton does is meet 100% of your demonstrated need. You do not determine who much you can afford to pay the school does.Princetons's philosphy is unique becacuse there is no longer a loan component in their financial aid (harvard has lowered the exected family contribution for families earning less that $60,000 (U.S.) per year with loans reduced and eliminated for families earning under $40,000.</p>

<p>There is still work study, and you will still have to come up with the Expected Family contribution and your student contribution (from work, summer earnings). So even with the school meeting 100% of your demonstrated need , you will have to prove that you have the resources to pay the family contribution.</p>

22

<p>thanks everyone. I knew that Princeton no longer gave loans, I just wasn't sure about the other colleges.</p>

23

<p>Im just wondering whether a willingness to pay can boost chances. I'm not saying that Pton is unwilling to give fin. aid, but to be able to pay is an advantage or not?</p>

24

<p>Logically one would think it is an advantage - especially between two similar candidates - but from my experience with them - e.g. not considering fin aid forms as part of the app; telling me to fill in fin aid forms only for the year I want aid and not as part of the decision (as I told them I was taking a gap year) - it does seem they are truly need-blind.</p>

25

<p>Princeton does include work as part of their financial aid offer.</p>

<p>They expect you to work 9 hours per week (read Q and A), which would nearly match both Yale and Harvard work + loan combined.</p>

26

<p>Is MIT really less generous than HYP? How rich is MIT compared to HYP?</p>

27

<p>

Haha he's literally crazy about attending MIT.... :p</p>

28

<p>YES I AM!!!!!!!! i wanna go to MIT :D</p>

<p>hopefully Pi day will bring a lot of good news!!</p>

29

<p>Just one question... Do you guys really think they are 100% need-blind ? Seriously? </p>

<p>I dont think so.. I think if you apply without financial aid your chances are greater am I right or wrong? I dont think they can be so need blind!</p>

<p>Can I request financial aid after I have been admitted?</p>

30

<p>1) They claim they are need-blind, i.e. your chances are NOT hurt if you apply for financial aid
2) If you think they claim, but don't follow that principle, there's been a lot of argument about that!
3) The timeline for applying for finaid is such that it's typically not possible to apply for it after having been accepted. This is the main argument for those who claim that these schools aren't really need-blind. But some, like IUB (Germany) actually allow students to apply for finaid after having been accepted.</p>

31

<p>Actually, you can apply for aid after you get admitted.
But if you do, there's no guarantee that you will get the estimated package before 1st May - the common reply date</p>

32

<p>I see...</p>

<p>I need to think about this</p>

33

<p>
[quote]
posted by *hello*
Actually, you can apply for aid after you get admitted.

[/quote]

I don't think so. No colleges allow you to apply for aid after being accepted. Given the deadlines for financial aid applications at various colleges, there is no way for you to apply for aid after acceptance in April. I think you're confused by the MIT Financial Aid Director's blog, in which he talked about sending in tax returns after being accepted. In that case, aid estimates would arrive after May 1 (the common reply date), not with your acceptance letter. Even so, your financial aid application must have been submitted by the March deadline. So, no matter what, colleges must know that you request for financial aid before they make their admission decisions.</p>

34

<p>There's no doubt that MIT Admissions is need blind.</p>

<p>That said, the deadline for submission of Financial Aid materials posted on the website is the priority deadline.</p>

<p>You can still apply for aid after getting accepted. Needless to say, Need aware colleges will not accept your application after getting accepted.</p>

35

<p>h88, from where did you get that the deadline on the website is the priority deadline?</p>

36

<p>Not really the Financial Aid website, but Barkowit's Blog.</p>

<p><a href="http://blogs.mit.edu/barkowitz/posts/4934.aspx%5B/url%5D"&gt;http://blogs.mit.edu/barkowitz/posts/4934.aspx&lt;/a&gt;&lt;/p>

<p>Also, he mentions it in his first post:</p>

<p><a href="http://blogs.mit.edu/barkowitz/posts/4327.aspx%5B/url%5D"&gt;http://blogs.mit.edu/barkowitz/posts/4327.aspx&lt;/a&gt;&lt;/p>

37

<p>But they DO ask us on the app whether we are applying for aid.</p>

<p>"Clerical reasons" is no excuse, just as "wardrobe malfunction" wasn't.</p>

38

<p>nice analogy :)</p>

<p>Even if you put down no, you can apply after you get your decision :D</p>

<p>But i seriously doubt Yale, coz they ask you to fill the COF, and I feel that doc is just to verify how much $$ we are willing to pay!!</p>

39

<p>Oh, I see, h88.</p>

<p>Hello: Actually, Yale only asks you to fill the COF after you've been admitted!</p>

<p>See last paragraph:
<a href="http://www.yale.edu/admit/international/index.html%5B/url%5D"&gt;http://www.yale.edu/admit/international/index.html&lt;/a&gt;&lt;/p>

40

<p>hey cevonia, i'm from singapore too....which jc/sch are u from?</p>