Harvard Financial Aid

gibby
Wed, 30 Apr 2014 01:27:17 +0000

EVERY student that receives financial aid – and not just at Harvard, at hundreds of OTHER COLLEGES as well-- has a self-help portion which includes income from a summer job and a term-time job. That’s just the reality of financial aid. You obviously didn’t read Harvard’s website or other college’s websites before applying: Harvard: https://college.harvard.edu/financial-aid/how-aid-works/fact-sheet

Meeting the term-time work expectation

You may meet the entire expectation by working 10 to 12 hours per week.You may choose to borrow up to the entire expectation through a student loan that is credited directly to your term-bill account.



Harvard: https://college.harvard.edu/financial-aid/types-aid

We expect students to contribute to the cost of their education through summer and term-time employment. Student jobs are plentiful, and our aid package will include a term-time work expectation unless you have substantial outside awards.



For comparison, here’s what Princeton says: https://www.princeton.edu/admission/financialaid/whats_great/



Low “self-help” requirement: Colleges typically include a self-help component in their aid packages, made up of a student loan to be repaid and a campus job amount to be earned during the school year. Because our no loan policy replaces student loans with grants, Princeton’s remaining self-help package is one of the lowest among our peer institutions. Freshmen entering in the fall of 2013 can earn the $2,900 term-time job amount by working only 9 hours per week.

A generous summer savings policy: We have a low summer savings expectation of $1,530 for entering freshmen. Partial grants are available to replace the summer earnings requirement for students who are unable to save the expected amount.



And over at Yale: http://admissions.yale.edu/financial-aid-prospective-students#101

The Self-Help Contribution is typically met by working on Yale’s campus, where minimum wage is currently $12.00 an hour. Student jobs are available in academic departments, laboratories, and administrative offices on campus.

Student Income Contribution: A predetermined student contribution that can be met with summer earnings.