Harvard University question on the whole "Zero to 10 Percent Standard"?

http://www.hno.harvard.edu/gazette/2007/...





It says that on household incomes' under $60,000 will have a zero percent parent contribution. What does that mean? I have an income of about $50,000-so, if I'm accepted, what would I have to pay? Help me out?





Thanks!

Harvard University question on the whole "Zero to 10 Percent Standard"?
This means that your parents will pay $0 for Harvard as long as their combined incomes are less than $60,000 a year. However, this does not mean that you are not expected to contribute.





Part of your financial aid package from Harvard WILL include work-study (~2500 that you earn working on campus) and summer savings (~2000 that you earn over the summer). However, this money is not paid directly to Harvard, it is just considered money that you'll use to apply to the student budget needed to buy books, toiletries, travel, etc., that Harvard won't give a grant for.





Still, it's a great deal. Most people from very poor socioeconomic backgrounds find it cheaper to go to an Ivy than it is to attend their state school!
Reply:If your family makes under $60,000 your family contribution would be zero. You would pay nothing. The hard part is getting accepted.