Financial Aid For Existing Students

<p>We received a mailing yesterday detailing the new aid plan. It states that those with incomes between $60k and $180k can expect to see there contribution drop 1/3 to 1/2 of last years. Does anyone have confirmation of this? I really hope that this is the case.</p>

<p>Yeah its true. My two best friends are going to Harvard this fall as well and we fit into the three spectrums. My family income is under $60,000 so I only have work-study and a really low student contribution.</p>

<p>My friend's family income is around $147,000 and he is paying around $9,000. ( He has a big family 5 kids 4 now in college)</p>

<p>My other friend's family income is over $200k and she still received some financail aid... wasn't alot but it was something.</p>

<p>It depends on other factors besides just income. Some who have incomes of 180k or less may not receive any aid. Each situation is different - there aren't any hard and fast rules .</p>

<p>other factors = assets</p>

<p>number of children in college, age of parents etc</p>

<p>Any idea of when letters will be sent out?</p>

<p>The financial aid website says the end of June.</p>

<p>The letters are coming out now - we just got ours - $0.</p>