<p>those financial burdens aren’t exclusive to families making 100k alone
(also, i dont think you’re using “belatedly” correctly)</p>
<p>those financial burdens aren’t exclusive to families making 100k alone
(also, i dont think you’re using “belatedly” correctly)</p>
<hr>
<p>No claim whatsoever that they are. The point is that FAFSA and similar formulas are set up in such a way as to sometimes – quite often, I should think – wildly overstate a reasonable EFC for the non-poor non-wealthy.</p>
<p>(‘belated’ done or sent too late. I learned the tricks belatedly. Had I learned them earlier, I still may not have used them, for I don’t think subterfuge should have to be involved in this to avoid financial disaster. But had I used them, our EFC would have been a good bit lower, even though our income and assets would have been the same.)</p>
<p>i had a feeling thats what you meant, but i was confused because we weren’t even on the subject of “subterfuge” in acquiring financial aid.</p>
<p>From Bloomberg News:
<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?;
<p>From Harvard Crimson:
<a href=“http://www.thecrimson.com/article.aspx?ref=512382[/url]”>http://www.thecrimson.com/article.aspx?ref=512382</a></p>
<p>Wow! I never considered $60K (free tuition) to $80K (reduced tuition) to be low income! I bet a lot of people qualify for that!</p>
<p>Wow! I never considered $60K (free tuition) to $80K (reduced tuition) to be low income!</p>
<hr>
<p>Sadly, today 60k sure isn’t high. This is family, though, so if both parents are working, fewer than you might think will fall into the 60 range. And as for reduced at 80, take a look at what the typical private tuition is per year.</p>
<p>In any case, this is a healthy move forward, IMO.</p>
<p>It certainly is a move toward economic equity. Most of my family will now qualify for free tuition. YAY!</p>
<p>yeah, good move on harvard’s part, as it’s about time middle-class families were recognized in the college admissions process (its becoming a polarized atmosphere–low income and high income)
with harvard’s endowment, they should have done what they did long ago. i mean, with more than 20 billion dollars, they could afford to give their incoming class full scholarships for over 60 years!</p>
<p>The endowment has to support not only the college but a wide array of top graduate schools, each with among the largest student bodies in the world in their respective fields: ie, Harvard Law School, Harvard Business School and Harvard Medical School, Harvard School of Education, Kennedy School of Government.</p>
<p>It would be obscene, in any event, to squander money intended to insure having a top faculty and top resources, and top research facilities, in every field by giving “free” tuition to people who can well afford it. Giving generous financial aid to those of limited means is another thing altogether.</p>
<p>i knew you would respond to that byerly</p>
<p>and for the record, i never said that harvard SHOULD give out full scholarships to their incoming class, i merely cited that it had the capacity to do so, and that it is about time they raised the cutoff for what they deem “low-income” families</p>
<p>That is similarly ridiculous. Both Princeton and Yale have greater endowment per student than Harvard does. Its leadership in this and other areas stems not from money alone but from a willingness to use it combined with a shrewd sense of timing.</p>
<p>Yes, if you take shrewd to mean scheming, seeing as how harvard just so happened to release this news on the advent of the new financial aid programs at stanford and upenn, two of the schools they compete heavily with for cross-admits
the bottom line is all of these financial aid programs are for show, designed to attract more applicants (which generate more application fees) and to garner better pr. not just harvard’s, but stanford’s and upenn’s as well. Nothing against these schools, but what they tell the public and what the news reports are completely contrary to reality.
Just because a family’s income is below a certain point (in this case 60k /year), that does not guarantee this person will pay no tuition at harvard (and same with stanford or penn). What about a family’s assets and savings? So many other things are taken into account, and none of the colleges mention any of these things in their pr stunts.
The elimination of tuition could mean many things, but for most families who fall under the requisite income level, it won’t mean that they pay absolutely nothing for their child to attend a specific university.</p>
<p>Penn, for example, is not one of the schools with which Harvard has a large cross-admit pool, and, in any case, it loses almost no cross admits to Penn.</p>
<p>Financial aid is hardly “for show” - as the aid provided at Harvard this year will be at least $92 million … a fair sum. It is absurd to suggest that any school seeks more applications in order to enjoy a bonanza from “application fees.” At Harvard, in particular, such fees are waived for thousands of low income applicants.</p>
<p>Furthermore, I suggest you learn some of the key differences among the financial aid plans at various schools. They do not share all the characteristics to which you refer. The Penn plan, in particular, offers several loopholes not applicable to plans at other schools. SEE: <a href=“http://www.dailypennsylvanian.com/vnews/display.v/ART/2006/03/28/4428ea54bae2c[/url]”>http://www.dailypennsylvanian.com/vnews/display.v/ART/2006/03/28/4428ea54bae2c</a></p>
<p>In any event, a cross admit seeking the greatest financial aid possible is well advised to simple apply for it and compare, dollar for dollar, the packages offered, including the expected contribution by the student from summer and term-time earnings, and whether it can be offset by “outside” prizes and awards such as local scholarships, NMS money, etc…</p>
<p><a href=“http://talk.collegeconfidential.com/showpost.php?p=2065763&postcount=20[/url]”>http://talk.collegeconfidential.com/showpost.php?p=2065763&postcount=20</a></p>
<p>I understand the elimination of tuition, but what about room/board/other fees? Will those be paid in full?</p>
<p>according to my financial aid package, yes. </p>
<p>the 45K price tag includes tuition (which comes up to around 31K) and books and board and personal expenses (about 2K worth), etc.</p>
<p>At Harvard this is definitely the case.</p>
<p>i got 45k from S</p>
<p>hahaha it’s not so much better for my family either; we’re on the bottom of high class with three kids going to college one after another. more taxes, still have to make loans. not a happy ending :(</p>
<p>I wanted to check once more about this issue now that we are well past the national reply date. Did Stanford meet your expectations with its financial aid offer? Based on your experience, is Stanford affordable for a broad range of out-of-state middle-class families? </p>
<p>(I’m asking the same question on other college forums for colleges that claim to have great financial aid. I am not well aware of this issue, because I went to State U a generation ago and have no idea what current practice is at elite universities in awarding need-based financial aid. All information welcomed.)</p>