WELCOME TO THE HARVARD COLLEGE FINANCIAL AID OFFICE.
WELCOME TO THE HARVARD COLLEGE FINANCIAL AID OFFICE.
We are eager to help you and your family understand our financial aid programs and to assist you in finding ways to meet your college costs. Given the unprecedented economic downturn of the past year, we understand that the thought of financing four years of college weighs heavily on families. We remain deeply committed to making a Harvard education affordable for all admitted students and invite you to learn more about our financial aid program. All of our financial aid is awarded on the basis of demonstrated financial need—there are no academic, athletic or merit-based awards, and we meet the full need of every student, including international students, for all four years.
In December of 2007, President Drew Faust announced a sweeping overhaul of financial aid policies designed to make Harvard College more affordable for families across the income spectrum. Over the past decade we have increased our scholarship aid by 155%, and this year we are awarding a record-breaking $137 million in need-based scholarship assistance to almost 60% of our students.
Our new financial aid policy has dramatically reduced the amount families with incomes below $180,000 are expected to pay, and parents of families with incomes below $60,000 are not expected to contribute at all to college costs. We no longer consider home equity as a resource in our determination of a family contribution, and students are not expected to take out loans, which have been replaced by need-based Harvard scholarship. This new program has reduced the cost to middle income families by one-third to one-half, making the price of a Harvard education for students on financial aid comparable to the cost of in-state tuition and fees at the nation’s leading public universities. For a more detailed explanation of our program, please click here.
We look forward to working with you,
The Harvard Financial Aid Office
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