Great news for many families.
https://www.nytimes.com/2025/03/17/us/politics/harvard-free-tuition.html |
Do they look at your NW? |
How many kids get in each year with that income? They still have to pay room, board and other frees. |
They will consider assets, not just income. Does the article talk about using the Net Price Calculator to see a real estimate? |
Of course they look at assets via the CSS Profile. Use their Net Price Calculator. |
Penn has the same deal, limited to families with "typical assets." I'm sure Harvard will be the same. |
For families under 100K they are covering tuition and room and board. They also could do some FA for those in between to help cover other fees etc.
Actually a fair number of students. Best thing Harvard has done since i left years ago. |
Costs are going up. Inflation continues. Of course financial aid will also go up.
Interesting that Harvard felt the need to announce this, as if it's a change from business-as-usual. |
OP here. It would help my family. 150K HHI, 60K saved in 529. Sophomore HS student. Depending on HHI and assets, additional aid is likely as well as families making 100K don't pay anything at all. I'd be very happy if our EFC was 30k annually. |
Never use it yet. Would NW 5 million, Income < 200K qualify? Ballpark. |
Look, we can't help you if you're too lazy to fill out a form. |
Many families assume that the school is too expensive and don't allow kids to even bother applying to schools that are 90K annually, not realizing how financial aid works at schools with healthy endowments. |
No thanks- havad ain't what it used to be. 25% of their MBA's are unemployed. |
Net Price Calculator has you include all savings, retirement, dividends, homes, other real estate… if have 5MM net worth, think you’d be responsible to pay in full. Otherwise, all richy richy would just forego or defer salary for 4 years to not have to pay for the 4 years of college and then start salary back up after kid graduates. |
“Typical assets” at Harvard is 200k
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