Harvard University Announcement: No tuition and no student loans

[iPropose]

I'm not sure where I could post this.
Please move it to the appropriate group if this is not the right forum.

Regards,
K.


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Harvard University Announcement
No tuition and no student loans


Harvard University announced over the weekend that from now on undergraduate students from low-income families will pay no tuition. In making the announcement, Harvard's president Lawrence H. Summers said, "When only ten percent of the students in elite higher education come from families in the lower half of the income distribution, we are not doing enough. We are not doing enough in bringing elite higher education to the lower half of the income distribution."

If you know of a family earning less than $60,000 a year with an honor student graduating from high school soon, Harvard University wants to pay the tuition. The prestigious university recently announced that from now on undergraduate students from low-income families can go to Harvard for free... no tuition and no student loans!

To find out more about Harvard offering free tuition for families making less than $60,000 a year, visit Harvard's financial aid website at: http://www.fao.fas.harvard.edu/ or call the school's financial aid office at (617) 495-1581.

SEND TO SOMEONE WHETHER THEY CAN USE OR NOT. THEY JUST MIGHT KNOW SOMEONE WHO CAN.

[Bear Lac Loi]

Stanford University - California

Zero Parent Contribution for Parents with Income Below $60,000
For parents with total annual income below $60,000 and typical assets for this income range, Stanford will not expect a parent contribution toward educational costs. Students will still be expected to contribute toward their own expenses from their summer income, part-time work during the school year, and their own savings.

Tuition Charges Covered for Parents with Income Below $100,000
For parents with total annual income below $100,000 and typical assets for this income range, the expected parent contribution will be low enough to ensure that all tuition charges are covered with need-based scholarship, federal and state grants, and/or outside scholarship funds.

Families with incomes at higher levels (typically up to $200,000) may also qualify for assistance, especially if more than one family member is enrolled in college. We encourage any family concerned about the ability to pay for a Stanford education to complete the application process. If we are not able to offer need-based scholarship funds we will recommend available loan programs.

http://www.stanford.edu/dept/finaid/undergrad/how/parent.html

[Bear Lac Loi]

I helped searching for colleges that offer good financial aid packages for a friend and found this article, written by Lynn O'Shaughnessy, the author of "The College Solution: A Guide for Everyone Looking for the Right School at the Right Price."

The article is 1 year old, but the listed schools still exist.

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51 Colleges With the Best Student Financial Aid
By Lynn O'Shaughnessy - Jan 15, 2010

What colleges award the best financial aid for students?

Answering that question has never been easy. Today, however, I’m sharing a list of 51 schools that provide great student financial aid. The 51 colleges and universities on this list promise to meet a student’s demonstrated financial need with grants not loans.

Many colleges toss loans into their financial aid packages, but these 51 schools do not. If the financial aid formula, for instance, says that your child needs $22,000 in assistance to attend a $50,000 school on this list, then the college would kick in $22,000 in cash and probably a work study job. Now that’s a great deal.

I didn’t come up with the names of these no-loan colleges and universities myself. I pulled the names from a study that researchers from the University of Pennsylvania and Amherst College presented at the latest College Board Forum.

The academics assembled the list of no-loan schools after visiting colleges’ websites, as well as through research on the websites of The New York Times, Inside Higher Ed and Wikipedia. Because financial aid programs can change, contact a school before assuming it’s still offering great financial aid packages.

51 Colleges With Best Student Financial Aid
1. Amherst College
2. Arizona State University
3. Bowdoin College
4. Brown University
5. Cal Tech
6. Claremont McKenna
7. Colby College
8. College of William and Mary
9. Columbia University
10. Cornell University
11. Dartmouth College
12. Davidson College
13. Duke University
14. Emory University
15. Georgia Tech
16. Harvard University
17. Haverford College
18. Indiana University
19. Lafayette College
20. Lehigh University
21. Michigan State University
22. MIT
23. North Carolina State
24. Northern Illinois U.
25. Northwestern University
26. Pomona College
27. Princeton University
28. Rice University
29. Stanford University
30. Swarthmore College
31. Texas A&M University
32. Tufts University
33. University of North Carolina
34. University of Chicago
35. University of Florida
36. University of Georgia
37. University of Illinois
38. University of Maryland
39. University of Michigan
40. University of Pennsylvania
41. University of Virginia
42. US Military Academy
43. US Naval Academy
44. Vanderbilt University
45. Vassar College
46. Washington and Lee University
47. Washington U. St. Louis
48. Wellesley College
49. Wesleyan University
50. Williams College
51. Yale University