this post was submitted on 26 Feb 2024
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Uplifting News

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[–] [email protected] 16 points 8 months ago (2 children)

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.

[–] aodhsishaj 10 points 8 months ago

So they're falling behind the rest of the Western world for 75% of their student body

[–] givesomefucks 5 points 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.