Reply to Harvard class of 2029 details--45% of the class will attend tuition free

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a full pay family, this just makes me feel like a schmuck. Which is part of why we choose in-state publics even though we could easily cash flow private. I don’t want to pay double for something so that half the kids pay nothing. [/quote]

You won't be missed. [/quote]

Actually, their tuition money in fact will be missed.  [/quote]

it really won't be.

Harvard doesn't need tuition money. Not the rank and filing donations from alumni. They both pale compared to what the endowment throws off. It's only a matter of time before they go tuition free. And then you'll all be mad about that!

You can't win with racists.[/quote]

They are still overcharging full-pay in order to allow students to attend for free. Otherwise they could just lower tuition. If some parents want to pay the cost of 2 kids’ college even though they are only sending one kid, that is certainly their choice. [/quote]

You should def tell your kid to turn down their acceptance to Harvard. oh wait ...[/quote]

This isn’t about my kid or Harvard. It’s about all private schools that overcharge tuition paying students to increase financial aid. When reviewing tuition increases, literally a line item for the additional revenue is how much will be allotted to financial aid. I know because I’ve worked in private higher education (not at Harvard but at a school many on here drool over.)

Harvard breaks down the sources of its operating revenue like this:

46% - endowment
22% - tuition
15% - sponsored research
17% - other

If they charged everyone the same tuition, everyone attending could pay less and still meet the 22% of the operating budget. Therefore students who must pay tuition pay more than they would if so many students didn’t go for free. It’s just reality.

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