Word: aided
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...rates became a particular point of focus in January after the Senate Finance Committee, led by its ranking member, Iowa Republican Charles E. Grassley, sent questionnaires to the nation’s 136 wealthiest universities asking for information on endowment growth and spending, as well as tuition and financial aid...
...most visible effects of the increased scrutiny appears to have been an accelerated timetable for the University’s unveiling of a new financial aid initiative promising more support for middle-income families...
...That reaction hasn’t been unique to Harvard: when Yale announced plans in early January to increase endowment spending by nearly 40 percent, with an emphasis on financial aid, Yale President Richard C. Levin was even more direct about calling policymakers the catalyst...
...have endowments, for instance in the Graduate School, that might be designated specifically to provide financial aid for a graduate student who is a single parent from Connecticut,” Giancotti said. “We may only get a student who meets this criteria once every 10 years, and so the endowment just keeps growing and growing. But we can?...
...Grassley and his Democratic counterpart, Max S. Baucus of Montana, expressed concern that soaring tuition costs have made it difficult for lower and middle-income families to pay for college education, and that endowments have grown faster than spending on financial aid...