However he referred to the worth of bringing a cross-section of individuals collectively.
“Placing Harvard inside monetary attain for extra people widens the array of backgrounds, experiences and views that each one of our college students encounter, fostering their mental and private progress,” Dr. Garber stated within the announcement. “By bringing folks of excellent promise collectively to study with and from each other, we really understand the great potential of the college.”
The annual price of attending Harvard, together with tuition and housing, was nearly $83,000 this faculty 12 months. Along with providing free tuition to college students with household incomes as much as $200,000, Harvard stated that college students from households that make beneath $100,000 pays for virtually nothing.
For these college students, Harvard will cowl tuition, charges, meals, housing, journey prices between campus and residential, occasion charges and actions, and medical insurance, if wanted. The college can even pay for “winter gear” to assist college students brace towards harsh winters on Harvard’s Cambridge, Mass., campus, together with a $2,000 “start-up” grant.
Harvard’s announcement stated that along with tuition, college students from households making as much as $200,000 might be eligible for further monetary assist, relying on their circumstances. The college additionally stated that some college students from households making greater than $200,000 might be eligible for some types of monetary assist, relying on their household’s state of affairs.
Harvard stated it spent $275 million on monetary assist this 12 months, however didn’t have an estimate of how a lot its new plan will price. Simply over half of Harvard’s undergraduates acquired monetary assist, the varsity stated.
