<p>harvard
Harvard President Lawrence H. Summers announced in 2004 a major new initiative designed to encourage talented students from families of low and moderate income to attend Harvard College. While the initiative has four major components, including recruitment, admissions, and a summer academic program designed to prepare talented students from financially disadvantaged backgrounds for college, the financial aid component increases aid for students from low and moderate income families. Parents in families with incomes of less than $40,000 will no longer be expected to contribute to the cost of attending Harvard for their children. In addition, Harvard will reduce the contributions expected of families with incomes between $40,000 and $60,000. The initiative, currently benefits more than 1000 families on an annual basis.</p>
<p>. The increase in scholarship aid has reduced the average student loan debt upon graduation from $14,600 for the Class of 1998 to $8,800 for the Class of 2003. The national average debt upon graduation is close to $20,000, including students who attend public universities.
<a href="http://www.news.harvard.edu/gazette/daily/0402/28-finaid.html%5B/url%5D">http://www.news.harvard.edu/gazette/daily/0402/28-finaid.html</a></p>
<p>Yale</p>
<p>The 2005-2006 academic year marks an important milestone year for Yale's undergraduate financial aid program. In March of 2005, Yale announced enhancements of its undergraduate financial aid program including the elimination of a financial contribution from students' parents with total incomes under $45,000 a year and a significant reduction in the expected contribution by parents earning under $60,000. This change took effect in the 2005-2006 academic year and applied to all students, both new and continuing undergraduates.</p>
<p>Here are some other highlights of Yale's undergraduate financial aid program:</p>
<p> Self-help levels for all four classes in the 2005-2006 academic year have been set at $4,400.</p>
<p> Students will be able to meet the $4,400 self-help through whatever combination of low-cost loans and earnings they believe makes the most sense for them. In addition, freshmen will be expected to contribute $1,725 from summer earnings and upperclassmen will be expected to contribute $2,250. To help Yale students who choose to work on campus during the school year or summer, the minimum student wage has been set at $10.50/hour for the 2005-2006 academic year.</p>
<p><a href="http://www.yale.edu/admit/freshmen/financial_aid/index.html%5B/url%5D">http://www.yale.edu/admit/freshmen/financial_aid/index.html</a></p>
<p>Dartmouth</p>
<p>Average and Low Income Student Loan Reductions<br>
Starting with this fall's enrolling class, the Class of 2009, Dartmouth students whose family incomes are less than $30,000 will receive financial aid packages without student loans. The portion of the package that normally would be composed of loans will be replaced with additional scholarship funds. Barring significant changes to family financial circumstances, this no-loan financial aid package will be renewed each year for all four years. </p>
<p>Starting with the Class of 2005, students whose family incomes are less than $45,000 are currently receiving and will continue to receive financial aid packages without student loans during their first year of study. Additional scholarship funds are used to replace the loan portion of the package. Depending on individual family financial circumstances, modest loans ($500-$1,500) may be included in subsequent years for these students. These students can expect to graduate with among the lowest debt burdens of any students graduating from any college in the U.S.</p>
<p><a href="http://www.dartmouth.edu/apply/generalinfo/news/loanreductions.html%5B/url%5D">http://www.dartmouth.edu/apply/generalinfo/news/loanreductions.html</a></p>
<p>Brown</p>
<p>Under The Sidney E. Frank Endowed Scholarship Fund, Brown University will meet the demonstrated need of its neediest students by eliminating the loan portion of these students' financial aid and replacing it with scholarship funds. These students are currently expected to borrow between $9,000 and $15,000 during their four years at Brown. The recipients of these scholarships at Brown will be designated and known as Sidney E. Frank Scholars. The University will begin designating Sidney E. Frank Scholars in the class of students that arrives in the fall of 2005.</p>
<p><a href="http://www.brown.edu/Administration/News_Bureau/2004-05/04-023.html%5B/url%5D">http://www.brown.edu/Administration/News_Bureau/2004-05/04-023.html</a></p>
<p>In September 2004, Sidney E. Frank, a member of the class of 1942, made a gift of $100 million to Brown Universitythe largest gift in the Universitys historyto establish an endowed scholarship fund that will provide financial assistance for the neediest undergraduate students at Brown University who could not otherwise afford the full cost of tuition and other costs of receiving an education at Brown. Recipients of the scholarships from this fund will be known as Sidney E. Frank Scholars, and they will receive financial assistance that will replace standard loan expectations with additional scholarship. </p>
<p>We believe that Mr. Franks gift is one of the largest single outright gifts for financial aid that has ever been made to a college or university in the United States. Once fully implemented it is anticipated that there will be approximately128 Frank Scholars on campus in any given year. </p>
<p>Undergraduate students who are U.S. citizens or eligible non-citizens and who enter Brown in the fall of 2005 as members of the Class of 2009 (entering freshmen) through our Early Admission and Regular Admission process will be eligible for consideration as Frank Scholars. Students who entered Brown prior to Fall 2005 or who enter Brown other than through the Early Admission or Regular Admission processes or who are not U.S. citizens will not be eligible for a Frank Scholarship. </p>
<p><a href="http://financialaid.brown.edu/Cmx_Content.aspx?cpId=19%5B/url%5D">http://financialaid.brown.edu/Cmx_Content.aspx?cpId=19</a></p>
<p>Princeton</p>
<p>In 1998, Princeton began enacting significant changes in its financial aid policies to make the University more affordable for all undergraduate students. </p>
<p>The centerpiece of this reform was to eliminate the need for the student loan that usually is included in a student's aid package. The loan amount (typically in the $4,000 to $6,000 range) is replaced with an additional grant. </p>
<p>This ground-breaking initiative, along with other improvements Princeton has made in its aid program, has caused the number of students on financial aid to increase from 38 percent to 52 percent since 1998.</p>
<p><a href="http://www.princeton.edu/main/admission-aid/aid/%5B/url%5D">http://www.princeton.edu/main/admission-aid/aid/</a></p>
<p>Remember now many schools have started partnering with questbridge in order to recruit low income students. (Stanford and Princeton will be part of Questbridge for Fall 2007)</p>
<p><a href="http://www.questbridge.org/%5B/url%5D">http://www.questbridge.org/</a></p>