<p>Hi! I just curious, how many Harvard applicants(from 35000-36000) want to receive financial aid ( college)?</p>
<p>For actual undergrads, about 70 percent of students receive some form of aid, with over 60 percent receiving need–based scholarships.</p>
<p>What does that indicate about the applicant pool? Who knows. But since H is the richest school with one of the most generous FinAid packages extant, what difference does it make?</p>
<p>Literally, H could accept its entire class as full ride students if it chose to do so – it’s that wealthy.</p>
<p>Harvard enrolls approximately 1650 incoming freshman each year and the COA is about 50K per year. So if every incoming freshman required 100% financial aid, it would cost about 82 million dollars to accept the entire class with a full ride</p>
<p>Just to put these numbers in perspective, think of it in terms of taking 10 kids to a movie. Tickets are ten bucks each and you told the kids that they have to pay if they can afford it, but you’ll cover the ticket cost if they can’t. You get up to the ticket window and it turns out most of the kids are broke…you’re getting a little nervous because you could potentially have to cough up 100 bucks here. Your wife has all the money (the endowment) in her purse so you check it out, just to make sure you can swing this generous offer. </p>
<p>If you’re Harvard, your wife has 40,000 dollars in her purse. </p>
<p>I posted this awhile ago and people were quick to point out that Harvard can’t spend the entire endowment and its not all earmarked for undergrads, etc. Of course. It’s more of an illustration of just how much 32 billion dollars is.</p>
<p>[Financial</a> aid increases by $10M | Harvard Gazette](<a href=“http://news.harvard.edu/gazette/story/2013/03/financial-aid-budget-increases-by-10m/]Financial”>Financial aid increases by $10M — Harvard Gazette)</p>
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