Low-Income? Have a Smart Kid? Harvard will pay for their Education
Hard to believe but apparently true; if your child gets into Harvard and your family makes under $60k, that student can go to Harvard..for free. (They do not consider retirement assets or home equity in their financial aid calculations.) They eliminated student loans, preferring to offer jobs to help students with non-academic expenses.
From Harlem World:
For another year, Harvard University announced on Friday, September 20th, 2013 that undergraduate students from low-income families will pay no tuition. In making the announcement, Harvard’s president Drew Faust (she replaced Larry Summers). Past Harvard president Larry Summers said, “When only ten percent of the students in elite higher education come from families in the lower half of the income distribution, we are not doing enough. We are not doing enough in bringing elite higher education to the lower half of the income distribution.”
To find out more about Harvard offering free tuition for families making less than $60,000 a year, visit Harvard’s financial aid website at :http://www.fao.fas.harvard.edu/or call the school’s financial aid office at (617) 495-1581.
From Harlem World:
For another year, Harvard University announced on Friday, September 20th, 2013 that undergraduate students from low-income families will pay no tuition. In making the announcement, Harvard’s president Drew Faust (she replaced Larry Summers). Past Harvard president Larry Summers said, “When only ten percent of the students in elite higher education come from families in the lower half of the income distribution, we are not doing enough. We are not doing enough in bringing elite higher education to the lower half of the income distribution.”
To find out more about Harvard offering free tuition for families making less than $60,000 a year, visit Harvard’s financial aid website at :http://www.fao.fas.harvard.edu/or call the school’s financial aid office at (617) 495-1581.
Comments
Note that it's not just tuition. Low income students don't pay room and board either. Harvard does expect students to contribute something from summer and school year earnings towards miscellaneous expenses. If you haven't done it, plugging numbers into a college's Net Price Calculator can be very eye opening. Here are links to Harvard's and one for The University of Washington.
Of course you have to get into Harvard.
SPS Mom
Here are a few more possibilities for poor, bright, hardworking students: Questbridge and Gates Millenium Scholars. Becoming a National Merit Scholar or a National Achievement Scholar can open up a lot of doors, but you have to do well on the PSAT.
Any more to add?
Signed, Good Deals
A poster at College Confidential listed links for several other areas here including one for Massachusetts that includes Harvard.
Very eye opening for people who haven't compared the net costs of public vs. private colleges.