Harvard College will provide $2,000 “launch grants” to low-income students in the fall of their junior year, according to a press release published Thursday.
A Thursday report by a faculty working group at Harvard’s Graduate School of Arts and Sciences characterized the school’s financial aid, advising framework, and admissions practices as “no longer sufficient” in an era of rising living costs and increased competition with other universities.
In March 1973, about 700 members of Harvard’s Graduate Students and Teaching Fellow Union braved four days of sub-zero temperatures to protest the newly introduced Kraus Plan, which ultimately reduced financial aid for graduate students.
For Second Year in a Row, Harvard College Expands Financial Aid as Cost of Attendance Rises 3.5 Percent
Harvard College plans to increase tuition and expand financial aid for the 2023-24 academic year, raising the threshold for cost-free attendance to $85,000 a year, according to a press release Thursday.
Harvard Law School announced an expansion to the Low Income Protection Plan, a debt-assistance program for alumni pursuing public interest careers.
Harvard Kennedy School students advocated for need-based application fee waivers and the establishment of emergency funds for students with unexpected expenses in a letter sent to the school’s dean, Douglas W. Elmendorf, Wednesday.
Financial Aid or Financial Burden? Harvard Law School Alumni Say the School’s Low Income Protection Plan Falls Short
LIPP aims to reduce the burden of student debt by subsidizing loan repayments for graduates pursuing public interest jobs — but students and alumni maintain that LIPP fails to sufficiently support graduates.
The Harvard Business School rolled out a new financial aid program earlier this month that covers the full cost of tuition for about 10 percent of its MBA students.
Vice President for Finance and Chief Financial Officer Thomas J. Hollister said the University’s revenues have “rebounded” to pre-pandemic levels, placing Harvard in a “healthy” financial condition, in an interview last Thursday.
Since the Harvard Kennedy School Overhauled its Financial Aid Team, Students Say Services Have Suffered
The Harvard Kennedy School restructured its admissions and financial aid teams in 2021, laying off almost all of its enrollment services staff. But the restructuring, more than a dozen students said, has often left them in the dark about the state of loans, financial aid, and other basic student services.
The Kraft family, which owns the New England Patriots, donated $24 million to Harvard Business School earlier this month to establish the Robert K. Kraft Family Fellowship Fund, which will be the largest endowed fellowship fund at the school.
More than a hundred Harvard Law School Students and Alumni signed onto a letter last week calling on the school to adjust its Low Income Protection Plan to rising inflation rates.
The Harvard Divinity School will increase its stipend payouts for need-based and merit scholarship packages beginning this fall.
As students return to somewhat normal life on campus, many must search for employment — a task that students interviewed said has proven especially challenging this fall.
Harvard held its inaugural First-Gen/Next Gen Graduation Ceremony on May 23, a special commencement celebration honoring the achievements of graduating students across the University who are first generation, low income, undocumented, DACA or TPS recipients, or mixed-status.
Harvard College financial aid representatives shed light on the process for requesting additional aid amid changing financial circumstances for students during the Covid-19 pandemic.
Harvard students reacted with disappointment and frustration after President Joe Biden said on Feb. 16 he would not forgive more than $10,000 in federal student loan debt per borrower, singling out Harvard as an institution whose students did not require debt relief.
At the pandemic's start, Kennedy School students advocated for need-based financial aid. Months later, they say the school’s response is still not enough.
Harvard Law School Dean John F. Manning ’82 announced in an April 14 email to the Law School that he will reduce his salary for the coming year due to the financial crisis caused by the coronavirus pandemic.
As the coronavirus pandemic devastates the global economy, Vice President for Finance and Chief Financial Officer Thomas J. Hollister said in a Thursday interview that administrators will seek to balance the University’s long-term financial welfare with its need for immediate financial support when utilizing the school’s endowment.
Amid the coronavirus pandemic, recent legislation offers all borrowers of federally-held student loans a reprieve from payments for six months, through Sept. 30, without accruing interest. But many graduate students at Harvard have private loans — not all of which are offering comparable accommodations.
The Financial Aid Office and Undergraduate Council are working to provide storage and shipping options ahead of Sunday’s move-out deadline.