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Article: Harvard to increase low-income financial aid
- Article from:
- University Wire
- Article date:
- March 9, 2004
- Author:
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Ray C. He
University Wire
03-09-2004
(The Tech) (U-WIRE) CAMBRIDGE, Mass. -- Harvard College announced a new financial aid policy on Feb. 28 that would increase the average financial aid award for students whose family incomes are less than $60,000.
According to a March 1 announcement by Harvard President Lawrence H. Summers '75 in the Harvard University Gazette, students whose family incomes are less than $40,000 will no longer pay the average $2,300 contribution that results from financial aid calculations. Additionally, Summer said that students with family incomes between $40,000 and $60,000 will see an average decrease of $1,250 in parental contribution.
"What we're doing is paying ...