In order to make sure Harvard is an affordable choice for your undergraduate education, you can consider financial aid packages made up of a combination of four types of funding.
Scholarships & Grants
Because Harvard is committed to affordability, our scholarships are designed to cover 100% of your demonstrated financial need. Here is our process:
—Establish your parent contribution;
—Factor in student employment and outside awards;
—Cover the remaining needs by scholarship funds which never need to be repaid.
● Outside Awards
Like many of our students, you may receive funds from sources outside Harvard, such as secondary schools, your parental employers, etc. Since the intention of these awards is that they be used for educational purposes, you must report them to Harvard and apply them toward your college expenses. We will consider your outside awards as a part of your overall financial aid funding.
Student Employment
If you receive financial aid from Harvard, you will likely be expected to contribute to your education through employment. Your expected term-time work expectation is often around 10 to 12 hours per week. All wages earned are paid directly to you, rather than appearing on your term bill, and can be used to help pay for your out-of-pocket personal expenses.
● Loans
You are not expected to take out loans, since our aid packages are designed to cover your financial need without additional borrowing. However, you may choose to pursue loans to help cover your student or family contribution. If you are interested in a loan, we will help you find one that works for you.
Types of Student Loans for Year 22-23
—Federal Direct Subsidized Stafford Loan
—Federal Direct Unsubsidized Stafford Loan
—Harvard Loans
—Additional loan information
1. Who may be the target readers of the text?
A.Parents unable to afford university fees. |
B.College freshmen with financial concerns. |
C.Students with excellent academic performance. |
D.Undergraduates with outside financial supports. |
2. How can scholarship funds help you?
A.Cover 100% of your expenses. | B.Balance your earnings and awards. |
C.Help your parents to pay off debts. | D.Bridge your financial gap in college. |
3. According to the passage, which of the following may help cover your personal expenses?
A.Scholarships & Grants. | B.Outside Awards. |
C.Student Employment. | D.Loans. |