Word: aid
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...Smith will need to spend the new unrestricted funds making up the difference between a weaker endowment and heightened demand for financial aid...
...According to Donahue, tuition will soon account for a larger share of funding for financial aid. Although 70 to 75 percent of financial aid funds are currently drawn from the endowment, that percentage is likely to decrease, Donahue said...
...Financial aid officers at Harvard said that they are not concerned that the $1,653 increase in tuition may affect applicants’ decisions to come to Harvard...
...Harvard’s recent recruitment efforts in lower-income areas across the country have also yielded a greater number of applicants who need financial aid. But Donahue said that the admissions office is now planning to cut back on these trips to slash costs...
...Despite the current financial situation, Faculty Dean Smith and University President Drew G. Faust have pledged to maintain their commitment to financial aid...