Hi guys, I know that Harvard is known for having generous financial aid, but can anyone share how much the tuition actually comes down to after aid? Just trying to get a sense of the final cost. Thanks!
The tuition cost at Harvard after financial aid is highly dependent on your family's financial situation. Harvard uses a sliding scale based on household income to calculate the financial aid package offered to each student. Here's a general breakdown of what you can expect:
- If your family income is less than $65,000, you can expect to pay little to nothing as Harvard covers the full cost of tuition, room, board, and fees.
- If your family income is between $65,000 and $150,000, you'll generally be expected to contribute 0-10% of your annual income towards tuition and other costs.
- If your family income is above $150,000, the percentage of expected contribution increases, typically ranging from 10% up to about 20% of the family's income, depending on various factors.
It's important to use Harvard's Net Price Calculator, which is available on their website, to get an accurate estimate based on your specific financial circumstances. Keep in mind that these estimates are general guidelines and the actual financial aid package you receive may vary.
Also, be aware that Harvard meets 100% of demonstrated financial need, so if you're accepted, they will provide a financial aid package that covers the difference between your family's expected contribution and the total cost of attendance. Remember that this aid comes in the form of scholarships, grants, and work-study opportunities, which means that you won't have to take out loans to cover the costs. Financial aid packages can vary, but these guidelines should give you a rough idea of what to expect.
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