mujiali wrote:Weird hypo here, so bear with me.
HLS reduces grant aid after you surpass the max summer income limit, claiming ~90% of your income beyond the limit. This means that a SA at a firm can wipe out grant aid pretty effectively. But HLS does not reduce grant aid when you receive a scholarship. Would it be crazy/impossible to ask a firm to pay you the max rate under HLS summer income policy, and then have them provide the remainder of your normal pay in the form of a scholarship after the summer is over, thereby circumventing the summer income limit and saving your grant?
Won't apply to me, probably, just curious.
1) Firms won't do that. Even if they did, Harvard would change its policy to treat that as income. The system only works because biglaw SAs don't get grant aid.*
2) HLS already does factor scholarships in financial aid calculations. They start by reducing loan eligibility, but will also reduce your grant if the scholarship is large enough. They'll even cut financial aid based on reception of military tuition assistance. Sometimes they're not very clear that this is what is happening, but it's there.
*Or, more sneakily, you give nearly all 3Ls an insubstantial grant and all the substantial grants to the 1Ls and 2Ls. Then you can claim: "70% of students are receiving a grant and the median grant is $16,000." In addition, you can then present prospective 1Ls with large packages that you know will only be relevant for the first two years.