03.31.09 | Harvard Turns Away 93% of Students
Last November I wrote an article entitled, College Affordability, the Big Financial Aid Overhaul. The article discussed how Harvard University made a number of policy changes surrounding how they calculate financial-aid. Their aim was to focus on middle-class families by making tuition at Harvard more affordable. The net result was a record number of applications (29,112) from the class of 2013.
Unfortunately Harvard was only able to accept 7% of applicants this fall, down from 7.9% last year. The applicant pool reached an unprecedented level of achievement according to university officials. More than 2,900 scored a perfect 800 on their SAT critical reading test, and 3,500 scored perfect on the SAT Math portion.
“We had never had so many good choices.” said William Fitzsimmons, dean of admissions and financial aid. “Our new financial aid program encouraged so many people who might not have ever thought about applying to get into the pool.”
About a quarter of the admitted students come from families earning less than $80,000, making them eligible for nearly a free ride at the prestigious university.
It looks like Disney has some company under the making dreams come true umbrella.
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