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Harvard’s scholarship budget today is $145 million, according to Director of Financial Aid Sally C. Donahue. Next year, $158 million is allotted...
Some of the strategies Harvard’s Financial Aid Office has used to trim expenditures involved streamlining publications, reducing travel expenditures, and making increased use of their website to cut mail costs, she added...
eliminating the need for student loans in its aid packages. Instead, students’ financial needs are met with a combination of grant assistance and term-time jobs...
...hope is that [these aid policies] will enable students to go forth and pursue the career of their dreams without feeling burdened,” Donahue said...
Today, alumni benefactors are heavily recruited to fill financial aid gaps. Without assistance from these individual donors, “we wouldn’t be pulling in students who were representative of what the world is becoming...and we might not be graduating students who were the true movers and shakers of the next few decades,” Donahue said...