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So, what's up with Haverford's financial aid?

PoseidenjPoseidenj Registered User Posts: 546 Member
edited September 2009 in Haverford College
So, the princeton review ranks Haverford as one of the schools where students are "dissatisfied with financial aid".

I found this a bit odd, isn't Haverford a needblind college with loan free financial aid? Furthmore it's a top LAC with a great endowment...
Post edited by Poseidenj on

Replies to: So, what's up with Haverford's financial aid?

  • Luckie StarchildLuckie Starchild Registered User Posts: 330 Member
    Haverford's endowment is a lot smaller than the endowments of Amherst, Swarthmore and Williams. Maybe students are looking at it within that context.
  • mythmommythmom Registered User Posts: 8,305 Senior Member
    These surveys are self-report. It actually doesn't mean anything objective about the financial aid. Those figures are available on websites, etc.

    Haverford may or may not offer worse FA.
  • dadx3dadx3 Registered User Posts: 1,559 Senior Member
    By way of comparison for first year students from 2008-9 CDS:

    Entering first year class: 327
    Applying for need based aid: 208
    Determined to have need: 169
    Need fully met: 169
    Average need based scholarship: $31,983

    Entering first year class: 372
    Applying for need based aid: 242
    Determined to have need: 181
    Need full met: 181
    Average need based scholarship: $33,328
  • mythmommythmom Registered User Posts: 8,305 Senior Member
    Looks fairly comparable considering Swat's more aggressive recruitment of URM's that would effect both numbers receiving awards and size of awards.
  • Faline2Faline2 Registered User Posts: 4,241 Senior Member
    just on an anecdotal basis, I will share that our son was admitted to both Haverford and Swarthmore last year. Haverford offered us twice as much a year based on need that Swat offered. So do not be deterred..instead apply and see what happens. If you are set on a college, provide accurate information and full information. Each college makes judgments differently..I wouldn't be surprised to find another poster who had the opposite experience with Swat offering more. They are both superb institutions full of caring and thoughtful people who will review all the information you send. We spent a great deal of time composing appeal letters with documentations and then made a personal judgment that we were simply on the wrong path for us in the recession. Our son is on a surprise merit scholarship elsewhere. However, I feel that both Swat and Haverford would have made a sincere effort to address our paperwork and documented concerns fairly if we had pursued an appeal. And either school's education is worth a great deal.

    Don't make decisions now...make them in April. However, make sure you are able to pay your EFC before you get too emotionally attached to private colleges...is my advice. This economy is not one where borrowing on your equity makes sense in many places anymore.
  • kwukwu Registered User Posts: 4,759 Senior Member
    Of the three liberal arts colleges I had to choose among, Haverford was the most generous: it give me 5,000 dollars more in grants and 3,000 dollars more in Federal Work-Study benefits.

    I will never be certain about whether Haverford was using a need-based aid to attract me because I was a competitive, desirable candidate, or whether Amherst is screwing me over now for being a mediocre, off-the-waitlist candidate, but I will always fondly remember and respect Haverford because it was the only school that understood my family's unique financial situation.
  • revbon50revbon50 Registered User Posts: 185 Junior Member
    Haverford provides 100% of a student's demonstrated financial need as shown on the FASFA and CSS Profile. There are no loans for students who entered the college as last year, but upperclassman (like my son) have a combination of grants, loans and workstudy. Haverford is one of the very best schools for financial aid.
This discussion has been closed.