OT: Harvard

[R1Letterman]

They say everyone who makes less than $85,000 in the family, can have child go to harvard 100pct free.

Lets say someone makes just a tad too much. what would stop them from being able to discuss some kind of compensation deferrment plan to stay lower for the year or 2 leading up to the college entrance year?

Or if employer wont work with you, could you donate the excess so it is deducted off of the taxes,

Or is there some other catch/stipulation. Do they see 10 years of data or just 2 to 4?

[CajunJack55]

They say everyone who makes less than $85,000 in the family, can have child go to harvard 100pct free.

Lets say someone makes just a tad too much. what would stop them from being able to discuss some kind of compensation deferrment plan to stay lower for the year or 2 leading up to the college entrance year?

Or if employer wont work with you, could you donate the excess so it is deducted off of the taxes,

Or is there some other catch/stipulation. Do they see 10 years of data or just 2 to 4?

It’s set up in “brackets” so if you make above 85,000 but less than $150,000 you can still get a large portion of your tuition paid.

[ZoomZoom]

Somebody is “paying” when it’s said and done. Just a matter of who.

[CockyCajun]

Operation go woke repair mode.

[IndiaPaleAle]

As someone who went to Princeton on financial aid, I'll answer this as best as I can.

Princeton, Harvard, and other highly selective universities will give generous financial aid--in some cases, 100 percent coverage of tuition, room, and board--to students who come from lower- to middle-class backgrounds, especially if those students come from rural areas (such as Louisiana) that are traditionally underrepresented at their universities. The student, of course, must have the coursework, grades, extracurriculars, community service, etc. to convince admissions officers to accept that student into their university.

We have a ton of qualified students in and around Acadiana and the state of Louisiana who would get into an Ivy or any of the prestigious non-Ivy institutions AND receive generous financial aid packages because they come from low- to middle-income backgrounds. However, those students typically don't have the support system at home or within their high schools to push them to apply.

[tdncz]

It’s paid out of the university private trust (not taxpayers)
Last I checked Harvard and Yale trusts were several HUNDRED BILLION dollars EACH- so they afford it -EASILY

[R1Letterman]

All great posts. But not sure if any came close to answering the question

[fanof71]

https://college.harvard.edu/admissions

What do I win?

[tdncz]

I thought Cajun Jack answered it pretty well

[R1Letterman]

https://college.harvard.edu/admissions

What do I win?

False: you did not win.

It doesnt address my question.

Families making under $85,000 a year pay nothing for their student's education, and families making between $85,000-$150,000 pay 0-10% of their incomes.... no me tion of how many years of income and i doubt if you received deferred comp3nsation you would tell them

[R1Letterman]

I thought Cajun Jack answered it pretty well

Cajun jack provided valuable input yea, but then the same question could still be asked at the border of all various brackets