Barakett’s donation endows Harvard’s new “start up” grants—$2,000 stipends that the College will provide starting next fall for students from low-income backgrounds in addition to their existing financial aid package.
About 80 percent of the students admitted to the Class of 2020 plan to matriculate in the fall—a yield rate comparable to that for the Class of 2019—after Harvard saw a record high number of applicants and a historic low percent acceptance.
Harvard admitted a record-low 5.2 percent of applicants to the College’s Class of 2020, accepting 2,037 total students from a pool of more than 39,000 applicants and continuing a general decline in its admissions rate.
Starting next fall, incoming freshmen from some low-income families will be eligible for a $2,000 “start-up” grant in addition to their existing financial aid. This announcement from college administrators Tuesday came with another one: tuition will increase 3.9 percent for the 2016-2017 academic year.
More than two years after Kenneth C. Griffin ’89’s record-breaking gift to Harvard in support of the College’s financial aid program, administrators said the gift has been impactful both for hundreds of undergraduates and potential donors.
More than 350 college students, administrators, and alumni from across the country gathered this weekend on Harvard’s campus to celebrate their identities as first-generation college students, representing the culmination of many years of first-generation advocacy at Harvard and other colleges.
Per Unz’s estimate, he had collected almost 300 signatures over a series of weeks—shipping petitions to alumni across the country—to earn a spot on the ballot for Harvard’s second highest governing body. He arrived in the Square to collect a few more signatures.