• tigeruppercut@lemmy.zip
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    8 months ago

    Harvard earns enough off trust interest they’d never have to charge another student tuition and room/board if they didn’t want to.

    They could just take all the smartest kids like this regardless of where they come from.

    They do, technically. The admissions process is need-blind, meaning they decide whether to accept a student before looking at any financials, then provide enough financial aid for them to attend. Something like a quarter of the students don’t pay anything.

    • givesomefucks@lemmy.world
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      8 months ago

      Yeah, 25% is what the website says, but that sounds like it includes scholarships. So pretty much every athlete and other scholarships.

      They have an estimate tool too

      https://college.harvard.edu/financial-aid/net-price-calculator

      75k parental income and 10k in assets was enough for it to be 15k/year.

      That’s a lot of money to a family of four with 1 kid in college.

      And Harvard doesn’t need a penny of it.