Tuition to Rise 3.5% at Harvard for 2009-10

tuition at Harvard university

Undergraduate tuition at Harvard will increase 3.5 percent to $33,696 for educational year 2009-10. Need-based grant aid is anticipated to grow to a record $147 million, a 18 p.c increase over what was planned for this educational year. The total package ( schooling and room, board, and student services fee ) will be $48,868, a 3.5% increase over last year.

‘Despite unheard-of industrial challenges, we remain fully committed to ensuring that Harvard remains open to gifted scholars from across the business spectrum,’ related Michael D. Smith, dean of the Faculty of arts and Sciences and John H. Finley Jr. Professor of Engineering and Applied Sciences. ‘Financial circumstances should never deter scholars and their families from considering Harvard.’

In December 2007, Harvard introduced a new financial support plan that dramatically decreases the amount families with incomes below $180,000 are anticipated to pay. Families with incomes above $120,000 and below $180,000 with assets standard for these income levels are asked to contribute 10% of their incomes. For those families with incomes below $120,000, the parent contribution declines continuously from 10%, reaching zero for those with incomes at $60,000 and below.

This year, applications to Harvard College exceeded 29,000, breaking all previous records. For the approaching year, the estimated average total help package of close to $41,000 will reduce the average cost, including non-billed personal costs of roughly $3,000, to an estimated $11,500 for those families receiving financial support. Need-based grant aid for undergraduates at Harvard has increased by 155% over the past decade, reinforcing Harvard’s dedication to affordable education.