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With the introduction of the upper middle income program last year, Donahue said that Harvard saw a 20 percent increase in people applying for financial aid and an 8 percent increase in those receiving...
...percentage of lower-income students in the freshman class has held steady for the past few years at “just below about a quarter of the class” after rising when increases in financial aid were announced a few years ago. Currently, about 60 percent of the freshman class receives need-based financial assistance...
There is a crisis of will throughout today’s world, inhibiting both developed nations and those engulfed in this pandemic from picking tested policies over inoffensive alternatives masquerading as fixes. The health of global finance will improve eventually—and with it, the humanitarian foundations and aid programs will persist stronger than ever. But there is little evidence that the approach to actual global health will become results-oriented by that time...
...launch date had been set for this year, Harvard’s year-old upper middle income financial aid program might not have been implemented due to the worldwide economic crisis, which has taken an $8 billion bite out of the University’s endowment...
...Would we be launching that program right now in the current economic environment? I highly doubt it,” said Sally C. Donahue, director of financial aid...