Post # 1
Someone sent me this email. I think it’s worth checking out, if it could help you/someone that you know out.
Announcement – No tuition and no student loans for income<60,000
Harvard University Announcement – No tuition and no student loans
Harvard University announced over the weekend that from now on undergraduate
students from low-income families will pay no tuition. In making the
announcement, Harvard’s president Lawrence H. Summers said, “When only ten
percent of the students in elite higher education come from families in the
lower half of the income distribution, we are not doing enough. We are not
doing enough in bringing elite higher education to the lower half of the
If you know of a family earning less than $60,000 a year with an honor
student graduating from high school soon, Harvard University wants to pay the
tuition. The prestigious university recently announced that from now on
undergraduate students from low-income families can go to Harvard for free…
no tuition and no student loans!
To find out more about Harvard offering free tuition for families making less
than $60,000 a year, visit Harvard’s financial aid website at:
http://www.fao.fas.harvard.edu/ <http://www.fao.fas.harvard.edu/> or call the
school’s financial aid office at (617) 495-1581 <tel:%28617%29%20495-1581> .
Post # 3
I like the general idea behind it! But to get free tutition? Lots of people with families who make more than 60K per year have to take out student loans. Those students will end up subsidizing the other student’s tutition.
It would make more sense to me to have heavily reduced tutition for low income families, and make it easy for them to get student loans to make up the remainder.
Post # 4
As someone from a family who made far less than $60k/year, I have $50-60k in student loans — even after the low interest loans and grants from the government. My college was the most expensive of my options, but a school like Harvard never even popped up on my radar because I knew I would’ve been paying off my debt for the rest of my life.
I think we should complain about the insulting free rides that are handed out to people who are capable of playing a sport (often times regardless of academic fortitude) before we gripe about helping the less fortunate receive the education they deserve.
Post # 5
@TealaB: Not really. Harvard pays for this out of its endowment. Which is massive, and the endowment consists entirely of donations. Tuition goes to cover operating costs.
@Sunshining: Amen, sister.
Post # 6
Harvard has a super generous financial aid policy for all students. No one is footing the full bill unless they actually can afford it.
Post # 7
@Sunshining: “I think we should complain about the insulting free rides that are handed out to people who are capable of playing a sport (often times regardless of academic fortitude) before we gripe about helping the less fortunate receive the education they deserve.”
Post # 8
Most ivy leagues have a policy similar to this, actually. Wish it had been around when I was applying to undergrad – I would have qualified!
Also, they give a substantial amount of financial aid to families up to a pretty generous yearly income, so it isn’t like you lose out completely if your family makes, say, $65,000 a year.
Post # 9
I think it’s great. Everyone needs an education. I hope this doesn’t turn into a debate. I was just sharing 🙂
Post # 10
Although this is all true, it’s worth noting that that announcement is several years old. Summers hasn’t been the president since, like, 2006 or 2007.
Post # 11
@mightywombat: ooooh thanks for that tidbit. I just got the email today!
Post # 12
Well, not to be a Debbie Downer but it’s not like a lot of folks whose parents earn 60k make it into Harvard in droves…just sayin’
Post # 13
Damn where was this when I went to college?
Post # 14
- Wedding: March 2010 - Calamigos Ranch
I think this is great. Hopefully there will be some reforms in education finance that will help college hopefuls from middle class families (who still cannot afford ivy league educations for their kids) as well.
Post # 15
@bRooklynRocks: Whether a lot, or a little, if they can get in…IT’s GREAT!!
Post # 16
What about the students from high income families whose parents don’t believe in paying for their college tuition? 😛