Harvard to cancel tuition for families

[psuro]

making $200k or less per year. It will cancel tuition room and board for families making less than $100k per year.

Harvard admits about 3.5% of its applicants each year.

Have at it folks.

Harvard says tuition will be free for families making $200K or less

The expansion will enable approximately 86% of U.S. families to qualify for Harvard College’s financial aid, the college said.

abcnews.go.com

 

[MtNittany]

May be just me, but I think secondary education - even at this level - is in for a rude awakening in the next 20 years. You do you Harvard. If you treat all the applications the same, have at it.

 

[UncleRoyBiggins]

This is what we are up against.

 

[Moogy]

Good job, Harvard. Although the Ivies are already very generous with their financial aid.

I wish schools would just switch to a model where their overall "listed" cost is lower, yet they could still give financial aid to those in need ... rather than give huge discounts to a certain group of folks, but keep an elevated "list price." There's a used car sales component to this practice (definitely not exclusive to Harvard) that has an ick factor to it.

 

[Nitt1300]

What Harvard does is Harvard's business.

 

[Meats Lab]

making $200k or less per year. It will cancel tuition room and board for families making less than $100k per year.

Harvard admits about 3.5% of its applicants each year.

Have at it folks.

Harvard says tuition will be free for families making $200K or less

The expansion will enable approximately 86% of U.S. families to qualify for Harvard College’s financial aid, the college said.

abcnews.go.com

 

[Bison13]

Haven’t they been doing something similar except at lower income levels? Either way, have a huge endowment they should be able to cover this without any trouble.

 

[1995PSUGrad]

I am glad they didn't do this 30 years ago or I may have gone there instead of Penn State.

 

[psuro]

Haven’t they been doing something similar except that lower income levels? Either way, have a huge endowment they should be able to cover this without any trouble.

Yes. The income level has increased since 2004. in general I think it has not been too far off the household median Income. However this represents a fairly sizeable jump and a level of income that is significantly more than the median income.

 

[s1uggo72]

Yes. The income level has increased since 2004. in general I think it has not been too far off the household median Income. However this represents a fairly sizeable jump and a level of income that is significantly more than the median income.

Income level or adjusted gross income ?

 

[psuro]

Income level or adjusted gross income ?

According to the article it’s income level.

Curious if the other ivies follow suit

 

[laKavosiey-st lion]

2 is applying to Harvard busines school ‘27. His boss may champion him as a H man himself

 

[s1uggo72]

According to the article it’s income level.

Curious if the other ivies follow suit

I think several have had this for some time Fwiw Davidson college does too

 

[BobPSU92]

Penn State laughs at Harvard.

 

[Catch1lion]

2 is applying to Harvard busines school ‘27. His boss may champion him as a H man himself.

I came across this info this winter . Interesting .

When Harvard MBAs Can’t Find Jobs: How the Job Market Has Changed

Harvard MBA grads face rising unemployment. Learn how changing job market trends impact even elite schools and what job seekers can do to adapt to this new reality.

www.forbes.com

 

[manatree]

According to the article it’s income level.

Curious if the other ivies follow suit

Princeton has been doing something similar since the 1990s.

 

[Catch1lion]

Penn State laughs at Harvard.

Damn straight says Brandion Short .

Penn State is ranked #2 among all Universities for number of CEO graduates - according to LinkedIn. We Are…Leaders! | Brandon Short | 52 comments

Penn State is ranked #2 among all Universities for number of CEO graduates - according to LinkedIn. We Are…Leaders! | 52 comments on LinkedIn

www.linkedin.com

 

[laKavosiey-st lion]

I came across this info this winter . Interesting .

When Harvard MBAs Can’t Find Jobs: How the Job Market Has Changed

Harvard MBA grads face rising unemployment. Learn how changing job market trends impact even elite schools and what job seekers can do to adapt to this new reality.

www.forbes.com

For the second time this week, don’t talk to me like that MF

 

[Catch1lion]

For the second time this week, don’t talk to me like that MF

You know you’re loved bro-tato . A lot of uppity places don’t even talk to you unless you got an Ivy , Stanford , Chicago , etc sheepskin . So it would be a big win .

 

[laKavosiey-st lion]

You know you’re loved bro-tato . A lot of uppity places don’t even talk to you unless you got an Ivy , Stanford , Chicago , etc sheepskin . So it would be a big win .

My experience is ivy snobbery is undergrad. MBA is all business no college fuckery. Adults etc
That won’t stop me from wearing a crimson hoodie EVERYWHERE I go. 2 will be 28 yo

 

[TiogaLion]

2 is applying to Harvard busines school ‘27. His boss may champion him as a H man himself

2 lives two miles from the University of Pennsylvania's Wharton School. He should apply there if for no other reason than to keep his life less complicated. JMO

 

[laKavosiey-st lion]

2 lives two miles from the University of Pennsylvania's Wharton School. He should apply there if for no other reason than to keep his life less complicated. JMO

It’s his #1. If he gets in he’ll bunk up with us in DE and GF in Philly too

 

[laKavosiey-st lion]

You know you’re loved bro-tato . A lot of uppity places don’t even talk to you unless you got an Ivy , Stanford , Chicago , etc sheepskin . So it would be a big win .

He’d take a “sabbatical” from his current company if they don’t pay and welcome him back after he finishes

 

[Catch1lion]

Like Ferris said ,”Life comes at you fast sometimes.” You have to be looking for the BBT

 

[laKavosiey-st lion]

discounts to a certain group of folks
Wut?

 

[Nittering Nabob]

making $200k or less per year. It will cancel tuition room and board for families making less than $100k per year.

Harvard admits about 3.5% of its applicants each year.

Have at it folks.

Harvard says tuition will be free for families making $200K or less

The expansion will enable approximately 86% of U.S. families to qualify for Harvard College’s financial aid, the college said.

abcnews.go.com

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

 

[laKavosiey-st lion]

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

This is the car shopping equivalent of “if you gotta ask, you can’t afford it”
and honestly, little Brooklyn and Aiden know dads stacked geez

 

[laKavosiey-st lion]

Do I really have to get up at 530 ? Wtaf fo

 

[Nittering Nabob]

This is the car shopping equivalent of “if you gotta ask, you can’t afford it”
and honestly, little Brooklyn and Aiden know dads stacked geez

So Brooklyn is #1 and Aiden is #2?

Curious ask…how stacked is Dads? I’m guessing well under $5 million.

 

[doctornick]

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

Harvard (and I think all Ivies and a lot of private schools) require the CSS profile completed in addition to FAFSA to be eligible for need based aid. CSS is much more detailed than FAFSA and includes submitting parts of your tax return with it. I guess it’s always possible to lie but if you fill it out honestly the schools would know the household income/worth

 

[Catch1lion]

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

I can tell you that landlords on the upper east side require that financial info for your kids apartment . I said I want to rent it and not get a mortgage for it .

 

[doctornick]

Despite the splashy headline because it’s Harvard, plenty of similarly well endowed privates do the same. MIT earlier this year announced similar guidelines for free attendance based on household income. Pretty much all the Ivies have similar policies though it may not be specific cutoff numbers.

very different from public schools like PSU with far more students and much smaller endowments. Generally most flagship public schools are pretty crappy with need based aid.

 

[TiogaLion]

It’s his #1. If he gets in he’ll bunk up with us in DE and GF in Philly too

?? Which is his #1?

 

[razpsu]

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

You have to supply all information.

 

[rigi19040]

Didn't Harvard run their tuition through the roof for all their students in the first place?

What does 4 years at Harvard cost? 300k guestimate

 

[laKavosiey-st lion]

?? Which is his #1?

PENN

 

[BobPSU92]

Despite the splashy headline because it’s Harvard, plenty of similarly well endowed privates do the same. MIT earlier this year announced similar guidelines for free attendance based on household income. Pretty much all the Ivies have similar policies though it may not be specific cutoff numbers.

very different from public schools like PSU with far more students and much smaller endowments. Generally most flagship public schools are pretty crappy with need based aid.

 

[Bkmtnittany1]

Despite the splashy headline because it’s Harvard, plenty of similarly well endowed privates do the same. MIT earlier this year announced similar guidelines for free attendance based on household income. Pretty much all the Ivies have similar policies though it may not be specific cutoff numbers.

very different from public schools like PSU with far more students and much smaller endowments. Generally most flagship public schools are pretty crappy with need based aid.

Shrinkage would have kept me out!

 

[psuro]

Hypothetical question.

If I’m a senior (and happen to the offspring of a billionaire) applying to Harvard and have no idea asto my parent’s household income or net worth, should I just check the box that says under $100k?

Do universities now require copies of parent’s W-2’s and net worth statements?

As long as we are discussing hypothetical situations:

Little Johnny is a precocious and talented student, which is determined at an early age (before high school). Mom and Dad, combined, make $250K. Dad makes $150K and mom makes $100K. They decide to get a divorce, dad gets a run down apartment to have a separate address and every month he sends an alimony and child support payment to mom.

LIttle Johnny gets accepted to Harvard and does not have to pay tuition - because mom has sole custody and since she makes less than $200K, even with alimony and child support, a fee which mom and dad have agreed to, and so Little Johnny qualifies.

But, here is the kicker - they are only legally divorced, in reality they are still a family and have all the same committments as a family. Dad actually still lives in the house, and they still take family vacations, etc. After Little Johnny graduates, lo and behold, mom and dad "reconcile" and get back together.

Feasible?

 

[psu31trap]

Which is why I’m an advocate of a sliding scale with multiple combinations of salary & Tuition reimbursement using a ceiling of $200k. I also believe that every option must be detailed with criteria & guidelines. If Harvard doesn’t put in the time to regulate this in time they’ll get unscrupulous parents who will successfully game the system. Finally, and probably the most unpopular, there needs to be real consequences for those who are caught falsifying applications or fraudulently manipulating documents.