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The Office and Admissions and Financial Aid altered the instructions to financial aid applicants. The purpose for both the CSS and FAFSA forms is now clarified.
Hedge fund manager Kenneth C. Griffin ’89 has donated $150 million to Harvard and has directed at least $125 million of the gift to support financial aid at the College. The gift, announced by the University on Wednesday afternoon, is the largest in the history of Harvard College.
Harvard, along with 110 other institutions of higher education, may be illegally misleading prospective students by providing unclear financial aid instructions, according to the House Committee on Oversight and Government Reform investigation.
Despite the 2 percent decrease in applications for early and regular admission, Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 said that the number of applications has been largely constant in recent years.
Harvard was among dozens of institutions of higher learning to renew and share its efforts to reach out to potential students from lower socioeconomic backgrounds last week.
When Tony Soprano sent his daughter to Columbia University in the famous TV show "The Sopranos", he recoiled from an additional $50,000 "donation" that the dean requested. Even the great mob boss of New Jersey considered Ivy League costs a shakedown—and that episode aired in 2001.
In line with its commitment to need-blind admissions and need-based financial aid, Harvard Law School will no longer collect deposits from admitted students who accept an admissions offer beginning with the Class of 2017.
The undertaking, called The Harvard College Connection, will seek to provide students with information about their options for college and financial aid by emphasizing social media and other online communications methods.
University President Drew G. Faust criticized President Barack Obama’s proposal to tie federal financial aid to government-created college rankings, a legislative goal that Obama has championed as a key step to making college more affordable.
Many high-ranking schools also have top-notch financial aid programs.
In Harvard Yard, 14 percent are the 1 percent. In a Crimson survey of the Class of 2017, about 14 percent of incoming freshmen said they come from families with reported incomes above $500,000 a year, putting them among the top roughly 1 percent of earners in the United States.
Several upcoming projects—including the renovation of all 12 of Harvard’s residential Houses, the expansion of financial aid initiatives, and the construction of a new student center—suggest that a sizable chunk of the capital campaign’s proceeds will ultimately benefit undergraduates.
For all that the College has accomplished to increase socioeconomic diversity over the past few years, the topic of class itself seems to still exist primarily as an intellectual topic more than an openly discussed social reality.
Harvard College's financial aid budget has increased from $103 million in the 2007-2008 academic year to a record $182 million in 2013-2014.
Harvard College will raise its financial aid budget by nearly 6 percent for the 2013-2014 school year, the University announced in a press release Tuesday. At the same time, the total cost of attendance for undergraduates will increase by 3.5 percent to $56,407 for the coming academic year.