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this post was submitted on 26 Feb 2024
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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.
So they're falling behind the rest of the Western world for 75% of their student body
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.