Article

A large percentage of each entering first-year class receives one or more outside awards from national or local organizations. When adjusting the Harvard financial aid package, 100% of the total outside award amount is first deducted from your work expectation. If the total of outside awards exceeds your work expectation, that excess amount is deducted from the Harvard Scholarship. Since outside awards are additional resources that help to meet need, they may not be used to replace your parents' contribution or other expected family resource. For example, if you were originally offered a financial aid package with a $3,500 job, and a $15,000 Harvard Scholarship and subsequently receive a $2,000 National Merit award and $1,000 from the Elks Club, then we will reduce your term-time job expectation to $500. Only if outside awards exceeded $3,500 would they have any impact upon the amount of Harvard Scholarship.