Community | August 08, 2008 | 13 comments

Make less than $60k per year? Go to Harvard for free!

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Sons_Of_Liberty
If you know of a family earning less than $60,000 a year with an honor student graduating from high school soon, Harvard University wants to pay the tuition. The prestigious university recently announced that from now on undergraduate students from low-income families can go to Harvard for free…no tuition and no student loans! To find out more about Harvard offering free tuition for families making less than $60,000 a year visit Harvard’s financial aid web site at: http://www.fao.fas.harvard.edu or call the school’s financial aid office at (617) 495-1581.

This initiative puts severe pressure on other well-endowed colleges and universities to adopt similar measures. Some commentators believe that Harvard’s announcement was made in response to Princeton University ’s decision six years ago to eliminate all tuition charges for families earning less than $60,000 (adjusted annually to take inflation into account) and its subsequent decision three years later to substitute all student loans with outright grants. The Harvard announcement indicates that the Princeton plan has had some success in drawing to Princeton some of the high- achieving, low-income students who typically went to Harvard each year.
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13 comments // Make less than $60k per year? Go to Harvard for free!

  • Narcoleptic_Insomnia
    • 0
      Narcoleptic_Insomnia  
    • Maxamust brings up a valid point -- there are indeed many (seemingly unknown) programs, grants, and scholarships for a plethora of universities. I'm an undergraduate in the University of Wisconsin system, and next year I will actually get paid about $8K (after tuition, fees, etc.) to attend. ^_^

    • 3 years ago
  • maxamust
    • 0
      maxamust  
    • This is not news. It is called need-blind admissions. If you are smart enough, they will let you in and pay for whatever you need. The Ivy's have such a large endowment that they can pay for the best and the brightest to attend. That's the point. I just applied for financial aid at Columbia--you fill out the FAFSA form to prove the amount of financial aid you need, but only after you are accepted. Here is a list of all the schools that do this. Harvard may be different in stating the cutoff for full scholarships, and that it covers it all without loans, but most top schools do the same thing.

      Amherst College
      Beloit College
      Boston College
      Bowdoin College
      Brandeis University
      Brown University
      California Institute of Technology
      Claremont McKenna College
      Columbia University
      Cornell University
      Cooper Union
      Dartmouth College
      Davidson College
      Duke University
      Emory University
      Georgetown University
      Grinnell College
      Harvard University
      Haverford College
      Massachusetts Institute of Technology
      Middlebury College
      Northwestern University
      Pomona College
      Princeton University
      Rice University
      Stanford University
      Swarthmore College
      University of Chicago
      University of Notre Dame
      University of Pennsylvania
      University of Richmond
      University of Virginia
      Vassar College
      Vanderbilt University
      Wake Forest University
      Wellesley College
      Wesleyan University
      Williams College
      Yale University

    • 3 years ago
  • Sons_Of_Liberty
    • 0
      Sons_Of_Liberty  
    • This was as of 2005 so go figure it has went up alot since then....

      Harvard College has announced its fees for undergraduate tuition, room, and board for the 2004-2005 academic year. Tuition is set at $27,448. Overall charges will total $39,880, an increase of 5.15 percent, including room rate, $4,974; board, $4,286; health services fee, $1,264; and student services fee, $1,908.

      The total cost to students will, as ever, be substantially reduced by Harvard's ongoing and increasing commitment to financial aid. Two-thirds of Harvard's undergraduates receive some form of financial aid, including scholarships, loans, and jobs. For 2004-2005, the average total aid package will be close to $28,500, or roughly 70 percent of a student's total costs, including an allowance toward personal expenses.

      Harvard College's $80 million in scholarships for undergraduates in the coming year represents a 49 percent increase over the past six years, when inflation rose by only 13.5 percent.

      "Harvard College continues to believe strongly in the twin principles of need-blind admissions and need-based financial aid," said William C. Kirby, Dean of the Faculty of Arts and Sciences and Edith and Benjamin Geisinger Professor of History. "At a time when universities and families nationwide are facing the effects of a weak economy, we are determined to protect every student's ability to come to Harvard regardless of financial background."

      Harvard undergraduates and their families will benefit also from an initiative, announced Feb. 28 by President Lawrence H. Summers, that completely eliminates the need for families earning $40,000 or less annually to contribute toward their children's Harvard College education. The initiative also lowers the parental contribution expected from families earning between $40,000 and $60,000. The program expands Harvard's commitment to undergraduate financial aid by $2 million annually.

      "We want to send the strongest possible message that Harvard is open to talented students from all economic backgrounds," Summers said. "Too often, outstanding students from families of modest means do not believe that college is an option for them - much less an Ivy League university. We are determined to change both the perception and the reality."

      Kirby noted: "This initiative will enhance our effectiveness in reaching out to students who have done remarkable things despite limited financial resources."

    • 3 years ago
  • Sons_Of_Liberty
  • Narcoleptic_Insomnia
  • Prijedor
  • oakside
  • kindjonas
    • 0
      kindjonas  
    • Now the bright minds left behind due to poverty can get a shot at running the world. If they get this scholarship, it is because they earned that shot.

      And I sure hope I'm poor enough to get in!

    • 3 years ago
  • sublimeuniverse
  • compere
  • adam_romano
  • malathion
    • 0
      malathion  
    • any british citizen who can pass the entrance exams can attend Oxford ( any college ) paying the equivalent of $6k a year ( so i was told by students last year when i was there ) . i'll leave it at that when comparing Oxford ( or Cambridge ) to the "ivy league" here .

    • 3 years ago
  • oakside
    • 0
      oakside  
    • You know what they say: "If it sounds to good to be true, it usually is." I bet it's near impossible for a regular honor student from such a family to actually get in to Harvard anytime soon, maybe I'm wrong.

    • 3 years ago

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