Brooklyn Nets point guard and alumnus Jeremy Lin ’10 will donate $1 million to Harvard to help fund undergraduate financial aid and ongoing renovations of Harvard’s basketball arena, the University announced Wednesday.
At an event celebrating the accomplishments of the late Iraqi architect Zaha Hadid, the Graduate School of Design unveiled a new scholarship to provide financial assistance to Middle Eastern students.
Eligible freshmen will receive $2,000 in “startup” grants over the course of the year from the Financial Aid Office, as part of a three-year pilot program.
Harvard’s First Year Outdoor Program piloted a less intensive week-long trip this summer intended to encourage more minority students to participate in the popular freshman orientation program—part of a larger effort to address ongoing issues with diversity.
Shoestring Strategies for Life @ Harvard now includes a centralized calendar and section on health and wellness in a bid to further support students once they matriculate.
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.