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Harvard University
For students with family incomes of $60,000 or less, after the student contribution is paid, the university covers the remaining student budget with work study and grant aid.| For students with family incomes of $60,000 or less. . . | 2009-10 Estimated Student Budget | ||||||||||
| After the student contribution is paid, the college assures enough work study and grant aid to cover these expenses |
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Total Expenses: $52,000
For all other students, after the family contributes any EFC, the university covers the remaining student budget with work study and grant aid.
| For all other students. . . | 2009-10 Estimated Student Budget | ||||||||||
| After the family contributes any EFC, the college assures enough grant aid and work study to cover these expenses |
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Total Expenses: $52,000
About the Financial Aid Pledge (2009-10):
How is EFC determined and used?
Institutional Methodology. The parental portion of the EFC is waived for students with family income of $60,000 or less. Between $60,000 and $120,000 the parental contribution ranges from 0% to 10% of income, between $120,000 and $180,000 the parental contribution is 10% of income. Regardless of income, an expected student contribution of between $1,200 and $1,500 is still required.
Institutional Methodology. The parental portion of the EFC is waived for students with family income of $60,000 or less. Between $60,000 and $120,000 the parental contribution ranges from 0% to 10% of income, between $120,000 and $180,000 the parental contribution is 10% of income. Regardless of income, an expected student contribution of between $1,200 and $1,500 is still required.
How much academic year work and/or need-based loans are included?
No loans and $2,500 in work.
No loans and $2,500 in work.
Does the offer account for the full student budget?
Yes.
Yes.
How are outside scholarships handled?
Outside scholarships reduce the work-study, then the summer savings expectation (student portion of EFC) before reducing institutional grant aid.
Outside scholarships reduce the work-study, then the summer savings expectation (student portion of EFC) before reducing institutional grant aid.
About the Institution (2007-08):
Location: Cambridge, MAType: Private 4-year
Undergraduate enrollment: 14,172
Pell Grant recipients (a measure of low-income enrollment): 7%
Proportion of graduating seniors with student debt: 39%
Average debt: $10,813
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