Native Village Youth and Education News
January 1, 2009 Issue 193 Volume 2

 

Harvard for Free


Massachusetts: Harvard University announced that from now on undergraduate students from low-income families will pay no tuition. In making the announcement, Harvard's president Lawrence H. 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."

All of their financial aid is awarded on the basis of demonstrated financial need—there are no academic, athletic or merit-based awards. Harvard meets the full need of every student, including international students, for all four years.

Building on the success of the Harvard Financial Aid Initiative (HFAI), which eliminated the parental contribution from families earning $60,000 or less, Harvard recently announced major financial aid enhancements to ensure greater affordability for middle- and upper-middle income families. Beginning in the 2008–09 academic year, parents with incomes of $180,000 or less will be asked to contribute significantly less to the cost of a Harvard education. Additionally, home equity will no longer be considered in determining a family’s ability to contribute and students will not be expected to take out loans, which will be replaced by need-based Harvard scholarship.

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, or less than $180,000 a year, visit Harvard's financial aid website at:
http://www.fao.fas.harvard.edu

Please click on photos and graphics for source credits and details.
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