Interest Harvard News I though you guys would like to see

Colleges and Universities A-Z Harvard University
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<p>this is old news, i think its been on their website for a while now.</p>

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<p>Yeah I would agree. I think that initiative has been in place for over a year now.</p>

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<p>does that mean that families with a higher income will recieve less aid or is it not affected?</p>

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<p>i dont think it would affect families with higher income, but the money has to come from somewhere so who knows? (well harvard does, but they wont tell us that)</p>

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<p>It doesn't affect families with a higher income. Harvard will continue to meet 100% of their documented financial aid, but typically such student's aid packages includes a grant, loans as well as work study or summer employment. The total loan costs for a 4-year Harvard education tend to be, I believe, around $10,000 or less, which is a bargain since the average U.S. college student takes out $20,000 in loans for 4 years.</p>

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<p>I'd assume it's from their endowment, Shark, as well as any scholarship funds they have.</p>

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<p>Northstarmom, how's the situation for Internationals? I heard theres less financial aid for Internationals like grants etc?</p>

<p>I'm from a low-income family (30K, 7 children) but a ballfigure valuation of my firm would make it worth a couple of 100K's in US dollar. I don't take out any salary from it though. How would my financial aid situation look like at Harvard?</p>

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<p>they started this last year</p>

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<p>It's non-discriminating between nationals and internationals.</p>

<p>There's also very similar initiatives at Yale (no $ if < $45,000) and Princeton ($ 46,500), so effectively, as long as you're not middle class, HYP should not difficult to pay for. Good stuff.</p>

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<p>this may hurt the university, though, in the long term.</p>

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<p>Why?</p>

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<p>I wanna know why too, I qualify for the program, it's the primary reason I'm interested in Harvard and Yale, it's all free.</p>

<p>Explain why it'll hurt in the long run, this is gonna be good.</p>

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<p>I can't see how any boost in financial aid would hurt the University in the long run, especially when there is plenty of money to go around.</p>

<p>More financial aid means greater socioeconomic diversity and students graduating with less, if any, debt and ready to.. take on the world I guess.</p>

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<p>
[quote]
>this may hurt the university, though, in the long term.</p>

<p>Why?

[/quote]
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<p>Maybe he thinks that it'll drain Harvard's financial aid resources, which I doubt.</p>

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<p>Yeah, you'll just as soon see the government go bankrupt. Harvard's practically printing its own money. I mean, aren't they running a surplus anyway?</p>