In fairness, Harvard provides financial aid to almost 70% of undergraduates. Of those undergraduates, the median payment for tuition, room and board, books, and travel by families receiving financial aid is a little less than $15,000 per year. Median financial aid from Harvard is currently about $45K per year.
Financial aid at Harvard doesn't phase out completely until family income is nearly a quarter million dollars per year.
Families with income of $65,000 or less, their kids go free, save for the required summer work/term-time work study for each student (each student must work to contribute roughly $5,000 per year to his education, unless his family is very poorly-off, and he must contribute his earnings to his family).
The sticker price of about $60K per year (tuition, room and board, books, travel, misc. expenses) only applies to folks making about $250K per year, or who have substantial financial assets outside of retirement accounts.
sitetest
Dear CincyRichieRich,
In fairness, Harvard provides financial aid to almost 70% of undergraduates. Of those undergraduates, the median payment for tuition, room and board, books, and travel by families receiving financial aid is a little less than $15,000 per year. Median financial aid from Harvard is currently about $45K per year.