Despite what he characterized as healthy financial results in fiscal year 2019, University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Monday.
The Harvard Divinity School announced earlier this fall that, in an effort to improve financial support for low-income students, all donations to the Divinity School Fund in fiscal year 2020 will go toward strengthening the school’s financial aid program.
Harvard Medical School Financial Aid Student Subcommittee Brings New Perspective to Debt Conversations
The committee was created to bring student voices into the fold as administrators consider ways to address student debt concerns surrounding higher education, according to Sarah Carey, associate director of financial aid at the Medical School.
Amidst renewed efforts to reauthorize the Higher Education Act, University President Lawrence S. Bacow detailed his priorities for any future legislation. The Higher Education Act includes provisions for funding sources like Pell Grants, the Federal Work Study Program, and loan repayment plans.
The total cost of attending Harvard College — including tuition, fees, room, and board — will increase by 3 percent, to $69,607, for the 2019-2020 academic year, the College announced in a press release Thursday evening.
“I feel that my tenure has been committed in considerable part to expanding openness, access to Harvard,” Faust told the courtroom Thursday.
The gift is the largest donation made to Harvard in recent years specifically to fund the education of students who are current or former members of the U.S. military.
Harvard School of Public Health Dean Will Spend Capital Campaign Cash on Construction, Financial Aid
Harvard School of Public Health Dean Michelle A. Williams plans to use the added cash raised through the school's capital campaign to bolster financial aid programs, renovate old campus buildings, and erect new ones.
Bacow said the brand-new, Republican-backed tax on Harvard's $39.2 billion endowment will deal a blow to the University — but added he will protect the school's financial aid programs at almost any cost.
The New York University School of Medicine generated national headlines and some glowing editorials when it announced over the summer that it planned to go tuition-free. Harvard, though, has no plans to follow suit.
Harvard students who receive financial aid opened an email Sunday evening asking them to check their term bills — and discovered they suddenly appeared to owe Harvard full tuition.