Will the Ivies be forced to give athletic schollies ?

Eligibility: Our generous financial aid program—bolstered by the Harvard Financial Aid Initiative, which seeks to increase low- and middle-income students’ awareness of Harvard’s affordability—aims to make Harvard accessible to any student who is admitted.

Our program requires no contribution from Harvard families with annual incomes below $65,000. About 20% of our families have no parent contribution.

Families with incomes between $65,000 and $150,000 will contribute from 0-10% of their income, and those with incomes above $150,000 will be asked to pay proportionately more than 10%, based on their individual circumstances.

Families at all income levels who have significant assets are asked to pay more than those in less fortunate circumstances.

Home equity and retirement assets are not considered in our assessment of financial need.

Based on projections, 55 percent will receive need-based grants, allowing families to pay an average of $12,000 annually. Harvard will require no contribution from 20 percent of families, representing those with annual incomes below $65,000. The students in this group will also receive $2,000 start-up grants to help with move-in costs and other expenses incurred in the transition to College. In addition, 27 percent of students qualified for the Harvard Financial Aid Initiative (HFAI), representing those with annual incomes below $80,000. Since launching HFAI in 2005, Harvard has awarded more than $2.4 billion in grants to undergraduates.

“Despite the disruptions associated with the pandemic, Harvard has maintained all of its extraordinary need-based aid policies, and we remain committed to investing in our core value of removing barriers to a Harvard education for outstanding students from all economic backgrounds,” said Jake Kaufmann, Griffin Director of Financial Aid. “We are pleased that our attractive, need-based financial aid program continues to inspire applicants to see themselves at Harvard College.”

Last year, Harvard announced it would further expand its financial aid program by eliminating the summer work expectation from aid awards beginning in the 2020–21 academic year, and replacing it with scholarship funds. Due to the disruptions associated with the pandemic, Harvard eliminated the term-time work expectation for students receiving financial aid in the 2020–2021 academic year. At this time, with the hope that students and community members will return to campus this fall, students will be expected to contribute $3,500 through term-time work to meet their estimated personal expenses. Further information will be available when fall plans are finalized in the coming months.
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At Harvard, families with incomes from $65,000 to $150,000 and typical assets pay no more than 10 percent of their annual incomes. Loans are not required of students, and families who make more than $150,000 are generally eligible for aid on a sliding scale, depending on their particular circumstances, such as multiple children in college or unusual medical or other essential expenses.