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> $50,000 a year for a Harvard undergraduate course exclusive of accommodation and food Please don’t throw this number out without understanding how it really
by csa 6y ago
> $50,000 a year for a Harvard undergraduate course exclusive of accommodation and food
Please don’t throw this number out without understanding how it really works.
55% of Harvard undergrads get some sort of financial aid. Much of this aid is in the form of grants that cover tuition. One simple example — if a student’s family makes $65k or less a year, tuition is free. Above $65k, there is a sliding scale, and financial aid officers have quite a bit of latitude to work with people with unusual financial situations.
To be fair, I think families making $250k-$350k in high cost of living areas might get the short end of the stick in this system, but even they have some flexibility if they work with the financial aid department.
- stormdennis 6y agoWhat's called in economics, elastic pricing then. The same model that means you can be on the same package holiday as someone else paying a vastly different price. A model that would be criminal if you used it to charge customers in a high street shop. It's charging based on what you think you can screw out of them but, for cosmetic reasons, dressing it up as subsiding poorer students