Harvard gets more expensive with tuition up 3.9% to US$31,000
Monday, March 26, 2007
HARVARD University's undergraduate tuition will rise 3.9 per cent next year to US$31,456, increasing at a pace nearly double the United States rate of inflation, a Harvard statement showed on Wednesday.
The total cost of tuition, room, board and student services fees at the Ivy League school will rise 4.5 per cent in the 2007 academic year to US$45,620, it said. The total cost for a year at the oldest US institution of higher learning is almost double the average undergraduate tuition at a private US college, according to figures compiled by the US Department of Education.
More than two-thirds of Harvard's entering class receives financial aid including scholarships and loans, while more than half qualify for scholarship assistance and an average total aid package of close to US$34,000.
That brings the average cost of a Harvard tuition down to about US$12,000, the Cambridge, Massachusetts university said.
The Harvard Financial Aid Initiative, announced by former president Lawrence Summers in 2004, slashed the amount low-income students must pay to attend the prestigious school.
This year's freshman class has 30 per cent more students from lower- and middle-income backgrounds than the entering class of 2004, Harvard said, adding parents of admitted students whose annual income is less than US$60,000 are not expected to contribute anything to tuition and fees. Harvard gave no reason for the higher tuition.
The university has embarked on a multibillion-dollar campus expansion that aims to turn itself into one of the world's top hubs for stem-cell research and other life sciences.
The plan, announced in January and dubbed the Allston Initiative, will give a radical new look to Harvard's campus over the next 50 years in the most ambitious expansion in the school's 371-year history.
It calls for a science complex, museum space, new student housing, parks and a public square on more than 100 hectares of land, adding a campus in Boston's Allston district across the Charles River from its main Cambridge campus.
Harvard, the world's richest university with an endowment of nearly US$30 billion, has stopped short of saying how much it would cost or who would pay for it. Reuters
The total cost of tuition, room, board and student services fees at the Ivy League school will rise 4.5 per cent in the 2007 academic year to US$45,620, it said. The total cost for a year at the oldest US institution of higher learning is almost double the average undergraduate tuition at a private US college, according to figures compiled by the US Department of Education.
More than two-thirds of Harvard's entering class receives financial aid including scholarships and loans, while more than half qualify for scholarship assistance and an average total aid package of close to US$34,000.
That brings the average cost of a Harvard tuition down to about US$12,000, the Cambridge, Massachusetts university said.
The Harvard Financial Aid Initiative, announced by former president Lawrence Summers in 2004, slashed the amount low-income students must pay to attend the prestigious school.
This year's freshman class has 30 per cent more students from lower- and middle-income backgrounds than the entering class of 2004, Harvard said, adding parents of admitted students whose annual income is less than US$60,000 are not expected to contribute anything to tuition and fees. Harvard gave no reason for the higher tuition.
The university has embarked on a multibillion-dollar campus expansion that aims to turn itself into one of the world's top hubs for stem-cell research and other life sciences.
The plan, announced in January and dubbed the Allston Initiative, will give a radical new look to Harvard's campus over the next 50 years in the most ambitious expansion in the school's 371-year history.
It calls for a science complex, museum space, new student housing, parks and a public square on more than 100 hectares of land, adding a campus in Boston's Allston district across the Charles River from its main Cambridge campus.
Harvard, the world's richest university with an endowment of nearly US$30 billion, has stopped short of saying how much it would cost or who would pay for it. Reuters
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