According to Harvard, prior to the start of the Harvard Financial Aid Initiative (HFAI), fewer than 20,000 students applied for admission. This year, nearly 40,000 students applied to Harvard.
One big reason is the availability of financial aid by the HFAI. According to Sarah C. Donahue, Griffin Director of Financial Aid. “The majority of Harvard students receive need-based aid, and their families pay an average of only $12,000. Students are not required to take out loans.”
Since launching HFAI in 2005, Harvard has awarded nearly $1.6 billion in grants to undergraduates. Over that time, Harvard’s annual financial aid award budget has increased more than 114 percent, from $80 million in 2005 to more than $172 million in 2016.
Never stop planning.
Planning for the future starts the day you step on your high school campus. Which classes should I take? Which skills do I need to improve to be successful in school? Should I start writing/updating my resume? When do I take the PSAT/SAT/ACT/SATII/AP etc? There are steps we can take every month of our high school career to position ourselves to meet our highest goals after high school.