Harvard Will Replace Loans with Grants

As one of the nation’s most prestigious learning institutions, Harvard University has announced that it will be replacing student loans with scholarship grants to help students with their financial needs.

In a conference last December 2007, the university disclosed its plans of spending up to $22 million for student financial aid. This is to further help their students with the costs of education, especially now that even students from well-off families are beginning to feel the economic pinch.

This expanded financial aid program aims to reach out to students who come from middle class families; students whose family income ranges up to $60,000 already pay nothing for their education at the university. Students would then be paying only up to ten percent of their total family income for their tuition bills. This would definitely be a great help for students and their families since the average cost of education at Harvard ranges around $45,620 each year, covering tuition, books, and room and board.

According to the Harvard’s financial aid department, funding will be taken from sponsors and donations. This financial aid program is expected to take effect on the 2008-09 academic year.


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15 Responses to 'Harvard Will Replace Loans with Grants'

  1. Black Student College Scholarship, The Success Passport | Student Financial Aid and Free Scholarship - July 24th, 2008 at 3:24 am

    [...] difficulties in sending their children to college, particularly in exclusive universities such as Harvard and Yale. Is there any hope for a black student to study in college?With these scholarships for [...]

  2. shantia - April 21st, 2009 at 11:49 pm

    I am an addict in recovery looking to use my addiction for good by helping others. I want to go back to school to study in social work or a related field.

  3. tewodros - June 13th, 2009 at 10:41 am

    Dear
    I am international students from Ethiopia before four month I have received offer letter from Bristol University but I couldn’t got sponsor so please help me all ready the dead line be come to the end I don’t want to lose this great chance.
    Sincerely!
    Mr .tewodros

  4. Meaza Tezera - October 23rd, 2009 at 7:57 am

    Dear Sir/Madam!!!

    I am Meaza from Ethiopia girl I have Diploma by information Technology and I want to continue my Degree but financially I can’t so if there is free chance or spouse please give me chance.

    If I get the chance free scholarship I will be the luckiest
    Thank you

  5. Merga Welabu - December 4th, 2009 at 11:16 am

    I am Merga Welabu from Ethiopia.I have BSC degree in civil Engineering from Addis Ababa University.But now I can not do my MSc degree In civil engineering. There fore I want your help to give me free scholarship.

  6. alemu nigussie - December 16th, 2009 at 6:51 am

    I am alemu from ethiopia. I have copleted grade 12. I need to study medicine. therfore I need you to give me free scholarship.
    sincerely
    alemu

  7. muhiden reshide - January 11th, 2010 at 3:14 am

    i am muhiden reshide from etiopian in2nd year accounting student in addis ababa university. please help to give me free scolarship.

  8. Ahmedin Yasin - October 6th, 2010 at 1:32 am

    I want to apply scholarship form on Harvard University.

  9. addisu sileshi - October 14th, 2010 at 8:48 am

    my name is addisu sileshi.i have got BSC in agriculture(plant scinces)at haramaya university since 2008 dire dawa,ethiopia.now a time i need to continue my MSC in any agricultural chain(biotechinology).But i have finential problem to make my ambition.
    thanks!
    mobil:+251910035643
    E-mail:addisusileshi@yahoo.com

  10. YONAS GEREZIHER - November 7th, 2010 at 5:33 am

    I AM FROM ETHIOPIA SECOND YEAR MEDICAL STUDENT. I AM APPLYING FOR FINANCIAL SUPPORT OR FREE SCHOLARSHIP.PLEASE HELP ME!!!!!!!!!!!!!!

  11. Tekalign Befekadu - February 9th, 2011 at 5:30 am

    Dear
    I am Tekalign,who is attending my sociology undergraduate program in one of Ethiopian universities in Hawassa university.So what forced me to write to you is my eagerness to get better education.If you are volunteer to accept my request let me know soon and join your program -”to learn more and challenge difficulties of the day!”

  12. Abdulaziz Mussa - February 10th, 2011 at 4:54 pm

    Iam Abdulaziz Mussa from Ethiopia in 2nd year Logistic student in Dire Dawa university please help to given me free scholarship

  13. Gebre - February 23rd, 2011 at 6:56 am

    I am Gebre T/mariam from Mekelle University , Ethiopia.After I have graduated with a Diploma of pharmacy,I have started my B. pharma in Mekelle University summer program,however;I could not continue my education due to financial scarcity,so I am forwarding you to help me.Thank you for consideration.

  14. Ayalew Bimrew - March 4th, 2011 at 3:07 am

    Iam Ayalew from Ethiop. I need to learn second Degree. I can’t afford it. Would any can help me? Thank you!

  15. Ayalew Bimrew - March 4th, 2011 at 3:08 am

    Iam Ayalew from Ethiopia. I need to learn second Degree. I can’t afford it. Would any can help me? Thank you!


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