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<p>At HMS it’s $120K or less.</p>
<p>From the website:
</p>
<p>[Financial</a> Aid Home](<a href=“http://www.hms.harvard.edu/finaid/]Financial”>http://www.hms.harvard.edu/finaid/)</p>
<p>The key phrase is “with assets typical for those income levels.” Unlike the income criteria where we have a hard number (i.e., $120,000 or less), the threshold for assets is not clearly specified and subject to school’s interpretation. (Should the family have a shopping spree before their kiddo attend the school – medical school or UG, then ? :))</p>
<p>Regarding “Do Y and H follow the 10% rule that they use for undergrads or are they even more generous because they expect even less from parents at this point?”:</p>
<p>My gut feeling is no. There is the unit loan for medical school, there appears to no such thing at the college level. The medical school likely includes their student’s potential future income into consideration, probably less so at UG level. The “social engineering” is always stronger in terms of grant money at the lower education level. (Most top, say, 20%, rarely protest about too much funding and not enough efficiency on the public education at the university level, but they protest more at the secondary education level especially on the east coast.)</p>
<p>*For a school like Yale (and probably H), what kind of income/assets would have a parent contribution of only $12k? </p>
<p>===========</p>
<p>At HMS it’s $120K or less.</p>
<p>From the website:</p>
<p>Quote:
HMS Dean Jeffrey Flier remains committed to taking steps to reduce the cost of a four-year medical education. **Parents with incomes of $120,000 or less with assets typical for those income levels are no longer expected to contribute **to the cost of their children attending HMS. In addition, this initiative eliminates from the family income calculation typical before-tax retirement savings.<br>
*</p>
<p>From Frier’s quote, it looks like the income would have to be somewhat greater than $120k to have a contribution of $12k…probably more like $150k+</p>
<p>Or own a ranch. :(</p>
<p>Damn those goats! ;)</p>
<p>There are also free Med. Schools.</p>
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<p>MiamiDAP, Don’t you agree that the first rule in “Bluedevilmike’s Ten Step Guide to Picking …” post also applies here: You have to get in.</p>
<p>The admission to any medical school is so competitive for most applicants that they are happy when they could get into any medical school, free or not free, costing not much or costing a fortune, “higher” ranked or “lower” ranked, “good” location or “bad” location.</p>
<p>Free med schools? Hmmm…</p>
<p>The closest program I know of is the 5 year Lerner at Cleveland Clinic. Very small (40?), very un-predictable for admissions, and I remember tuition free, not “free”. Same for Pitt’s 5 year (Physician Scientist Program) . Tiny chance for those and they are designed for physician investigators. (All excellent programs and my D was very interested in all of them and applied to one of them.)</p>
<p>Edit: Here’s Lerner. It is the same as I remembered. </p>
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<p>The only other I can think of is the the armed forces program but that is certainly not “free” in my opinion. </p>
<p>Of course, there are the MD/Phd. programs but I’m not entirely sure I would consider those “free” (as in without a “cost”) either.</p>