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.
Many undergraduates are scrambling to find last-minute housing arrangements after Harvard’s announcement that students must vacate their dorms by Sunday to prevent the spread of coronavirus. But for some students, returning home can be a dangerous option.
‘The Shortest Notice Possible’: For First-Generation, Low-Income Students, Rapid Move-Out from Harvard Brings Unexpected Challenges
Within hours, the email sent students scrambling to pack up all their belongings and make plans to vacate. But Barton and others say it hit one group of undergraduates particularly hard: first-generation and low-income students, many of whom depend upon Harvard for food, housing, and stability.
Harvard has focused its fundraising on student financial aid, securing graduate fellowships, and continuing development in Allston, University Vice President for Alumni Affairs and Development Brian K. Lee said in an interview Wednesday.
Despite what he characterized as healthy financial results in fiscal year 2019, University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Monday.
The Harvard Divinity School announced earlier this fall that, in an effort to improve financial support for low-income students, all donations to the Divinity School Fund in fiscal year 2020 will go toward strengthening the school’s financial aid program.
Harvard Medical School Financial Aid Student Subcommittee Brings New Perspective to Debt Conversations
The committee was created to bring student voices into the fold as administrators consider ways to address student debt concerns surrounding higher education, according to Sarah Carey, associate director of financial aid at the Medical School.
Amidst renewed efforts to reauthorize the Higher Education Act, University President Lawrence S. Bacow detailed his priorities for any future legislation. The Higher Education Act includes provisions for funding sources like Pell Grants, the Federal Work Study Program, and loan repayment plans.
The total cost of attending Harvard College — including tuition, fees, room, and board — will increase by 3 percent, to $69,607, for the 2019-2020 academic year, the College announced in a press release Thursday evening.
“I feel that my tenure has been committed in considerable part to expanding openness, access to Harvard,” Faust told the courtroom Thursday.
The gift is the largest donation made to Harvard in recent years specifically to fund the education of students who are current or former members of the U.S. military.
Harvard School of Public Health Dean Will Spend Capital Campaign Cash on Construction, Financial Aid
Harvard School of Public Health Dean Michelle A. Williams plans to use the added cash raised through the school's capital campaign to bolster financial aid programs, renovate old campus buildings, and erect new ones.
Bacow said the brand-new, Republican-backed tax on Harvard's $39.2 billion endowment will deal a blow to the University — but added he will protect the school's financial aid programs at almost any cost.
The New York University School of Medicine generated national headlines and some glowing editorials when it announced over the summer that it planned to go tuition-free. Harvard, though, has no plans to follow suit.
Harvard students who receive financial aid opened an email Sunday evening asking them to check their term bills — and discovered they suddenly appeared to owe Harvard full tuition.