<p>My D is a freshmen at Harvard and we have just completed the Profile etc for her sophomore year. I am wondering if the new financial aid package will affect her or will the amount we pay be based on last years terms?</p>
<p>It changes every year. Why don't you ask the financial aid officer in charge of your daughter's case about it? You can find out by just calling them up -- find the appropriate person here:</p>
<p>Harvard</a> College Financial Aid Office - Contact - Staff Directory</p>
<p>Thank you, I will give them a call.</p>
<p>It should affect her as well. I have a sophomore there as well as a D who's just been accepted for the fall. From D2's amount for a parents' contribution and the basis upon which her student contribution was calculated, I can see that D1's Total Family Contribution appears as if it should go down by about $5000.</p>
<p>GADad: Is that because you'll have two in college now or because of the new aid initiative?</p>
<p>Although you won't find out for sure until around June as to what the impact is, the new initiative is also applicable to current students.</p>
<p>Sorry Twinmom, I keep forgetting to add that. Yes, this will be our second in college at the same time, so our assessment on the parents' income works out to about 7%. It should be a little higher (and, accordingly, the decrease in cost somewhat less) for parents with a single college student.</p>