Word: aided
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...This is not the first time a Harvard president has made graduate school financial aid a priority. Under former president Lawrence H. Summers, Harvard organized a University-wide lending program through Citibank, allowing all graduate students to borrow money at discounted interest rates, Summers said yesterday in a phone interview...
...Summers also created a task force charged with investigating ways to raise money for graduate financial aid, and he launched Harvard’s Presidential Scholars program, which uses the president’s discretionary funds to subsidize the costs of 75 graduate students each year...
...typically in charge of raising its own funds for financial aid—part of Harvard’s “every tub on its own bottom” philosophy. As a result, schools whose graduates tend to go on to more lucrative careers have more robust financial aid programs...
...Summers said that raising money for graduate school financial aid on a University-wide basis would help correct the imbalance...
...incoming dean of the Graduate School of Design, Mohsen Mostafavi, said he intends to make increasing financial aid one of his priorities when he takes over in January...