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Harvard Offers FREE Education for Students from Families Earning Under ₹1.66 Cr!

In a groundbreaking move to make higher education more accessible, Harvard College — the undergraduate division of Harvard University — will offer full tuition coverage for students from families earning annual income of $200,000 (approximately ₹1.66 crore) or less.This initiative aims to alleviate the financial burden on middle-income families and promote diversity within the student body.

Key Highlights of Harvard's New Financial Aid Policy

  • Families Earning Up to $100,000: Students from families with annual incomes below $100,000 will have all billed expenses covered. This comprehensive support includes tuition, fees, housing, food, health insurance, and travel costs. Additionally, first-year students will receive a $2,000 start-up grant, and juniors will be granted a $2,000 launch fund to assist with post-graduation preparations.
  • Families Earning Between $100,000 and $200,000: For families within this income bracket, tuition will be entirely free. Beyond tuition, students may also qualify for additional financial aid to cover other costs, depending on their individual financial circumstances.
  • Families Earning Above $200,000: Financial aid remains available for students from families earning above this threshold, tailored to specific financial situations.

Implications for Indian Families

Harvard’s financial aid policies are notably inclusive, extending need-based assistance to all admitted students, irrespective of nationality or citizenship. This means that Indian families are equally eligible to benefit from these financial aid programs.

Eligibility Criteria for Indian Students

To qualify for Harvard’s financial aid, Indian students must demonstrate financial need. The application process requires detailed documentation of the family’s financial situation, including income, assets, and any unusual expenses. Harvard’s admissions process is need-blind, meaning financial aid applications do not affect admission chances.

Application Process for Financial Aid

The financial aid application process at Harvard is uniform for all students, regardless of their country of origin.

The steps include:

  1. Submission of Financial Documents: Applicants must provide comprehensive information about their family’s financial status. This includes income statements, asset details, and any other relevant financial information.
  2. Evaluation of Need: Harvard’s financial aid officers assess the submitted information to determine the family’s expected contribution and the student’s demonstrated financial need.
  3. Award Notification: Once the evaluation is complete, students are informed about their financial aid package, detailing the support they will receive.

It’s crucial for applicants to adhere to the specified deadlines and ensure the accuracy of the information provided to facilitate a smooth evaluation process.

Additional Support for International Students

Beyond tuition and standard expenses, Harvard offers various forms of support to ensure international students have a fulfilling educational experience:

  • On-Campus Employment: Students have the opportunity to work on campus, allowing them to earn money to cover personal expenses.
  • Student Loans: While Harvard’s primary aid is grant-based, loans are available for students who may need additional financial support.
  • External Scholarships: Students are encouraged to seek scholarships from external organizations to supplement their financial aid packages. Check out Unimoni’s Student STARS Scholarship and Unimoni’s overseas educational loan for financial aid.

Harvard's Commitment to Diversity and Inclusion

This expansion of financial aid underscores Harvard’s dedication to attracting a diverse and talented student body from around the globe. By reducing financial barriers, the university aims to ensure that the most qualified students, regardless of their economic background, have the opportunity to benefit from a Harvard education.

Here's How Unimoni can Assist

Passport & Visa Assistance

Applying for a US student visa requires precision and accuracy. Unimoni simplifies the process with:

  • Visa Application Support: Assistance in filling out visa forms and documentation.
  • Appointment Scheduling: Timely booking of visa interview slots.
  • Passport Assistance: Help in applying for or renewing passports before departure.
  • Document attestation: Prompt attestation of all the necessary documents.

Flight Ticket Booking & Student Accommodation Assistance

Finding affordable flights and accommodation can be stressful. Unimoni offers:

  • Discounted Flight Tickets: Top deals on flight tickets for students flying to the USA.
  • Accommodation Assistance: Guidance in securing safe and budget-friendly housing near Harvard.

Outward Remittance Services

Transferring money abroad safely and efficiently is essential for students and their families. Unimoni facilitates seamless outward remittances for:

  • Visa Fees & University Tuition Fees: Secure and quick transfers directly to universities and quick visa fee payment options.
  • Overseas Education & Study-Related Expenses: Covers costs beyond tuition, such as books and supplies.
  • Employment & Migration Expenses: If students plan to work after graduation, Unimoni can assist in transferring employment-related fees and additional costs of settling there.
  • Medical Treatment Expenses: Covers any unforeseen medical emergencies requiring financial assistance.
  • Maintenance of Close Relatives: Parents and guardians can send funds to support students abroad.
  • Registrations, Subscriptions, and Membership Fees: Students attending academic conferences, events and seminars can get quick remittance solutions.

Foreign Exchange Services

Managing foreign currency is crucial for international students. Get the best rates for converting Indian Rupees (INR) to US Dollars (USD) and vice-versa. and enjoy hassle-free transactions.

Forex Cards

Forex cards are a secure and convenient way to carry money abroad, allowing students to load multiple currencies. Choose Study Abroad Forex Card to enjoy benefits such as free global SIM card, airport lounge access, free ISIC Card and many more. Easy reloading and top-up options for forex cards.

Travel Insurance

Studying abroad comes with uncertainties. Unimoni’s travel insurance plans provide:

    • Medical Coverage: Protects against unexpected illnesses, personal accidents and daily allowance in case of hospitalization.
    • Loss of Baggage & Passport: Ensures reimbursement for lost belongings, loss of passport and loss of checked baggage.
    • Personal Liability.

Overseas Education Loan Assistance

For expenses beyond tuition, Unimoni offers overseas education loan support with:

  • Competitive rate of interest: Funding options tailored for students pursuing education in the USA. Enjoy attractive tax benefits too.
  • Quick Approval Process: Faster loan processing with minimal documentation.
  • Flexible Repayment Plans: Options suited for students and working professionals. Easy EMIs with repayment tenure of up to 15 years.

Why Choose Unimoni for Your Study Abroad Financial Needs?

✔ Trusted Partner with 25+ Years of Experience

✔ 300+ Branches & 15,000+ Agent Locations Across India

✔ 10 IATA-Accredited Locations for Travel Services

✔ Secure & Swift International Transactions

✔ 24×7 Customer Support for Hassle-Free Assistance

With Harvard’s tuition-free initiative, a world-class education is now more accessible. Unimoni is here to ensure that your financial journey to Harvard is smooth, secure, and stress-free.

Need Assistance? Contact Unimoni Today!