Word: aided
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While the recent economic downturn has left more families than ever before in need of financial aid, the difficulty of the paperwork that financial-aid applications require has reached an unnecessary high. In times like these, it is disheartening that the current Free Application for Federal Student Aid (FAFSA) form poses a major barrier to many potential applicants who need financial aid the most. With more than 100 questions, the current form—which, ironically enough, was created in the early 1990s in an effort to streamline the financial-aid process—seems excessive and inefficiently constructed...
...projected amount spent on financial aid next year is set to increase by 18 percent—surpassing the Financial Aid Office’s expectations, according to Sally C. Donahue, director of the Financial Aid Office...
...Seventy-eight percent of Harvard applicants this year applied for financial aid—a seven percent increase from last year. Almost 60 percent of the student population currently receives some need-based aid, according to William R. Fitzsimmons, who is Dean of Admissions and Financial Aid...
...Fitzsimmons said that the projected increase in financial aid output is due not only to Harvard’s recent expansion of financial aid, but also to greater need from students whose families have been affected by the financial crisis...
When Harvard College raises its tuition, it is usually to stay on pace with the inflation rate. But while the inflation rate for this past year is only 0.1 percent, and fear of deflation looms, Harvard is raising its tuition by 3.5 percent, responding to greater demand for financial aid in addition to compensating for the plummeting endowment...