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...encouraged to monitor students who, for example, win science fairs or piano competitions, in an effort to locate promising applicants, McGrath Lewis said. She added that the University intends to increase awareness and accessibility in state schools of resources about Harvard’s international admission and financial aid policies. The admissions department is constantly working on “identifying, recruiting, and enrolling the best students” from all parts of the globe, McGrath Lewis said. Due to office reorganization, McGrath Lewis said that she didn’t have the exact number of applications or matriculation...
...picture of American security in light of the Oct. 9 nuclear test. “We must abandon our idea that, given enough time, the current regime will collapse,” said panelist Stephen W. Linton, who has traveled to North Korea over 50 times as a humanitarian aid worker and now heads the Eugene Bell Foundation, which provides medical aid to North Koreans. “The U.S. needs to get real about the situation in East Asia,” he said. Ashton B. Carter, Ford Foundation professor of science and international affairs, moderated the standing-room...
...being a financial aid officer sounds like a boring desk job, think again. Apple iPods, portable DVD players, and trips to the Caribbean are just a few perks that private loan institutions offer to university officials in the hopes of being included on their “preferred lenders” lists. Since financial aid offices recommend private loan options based on these lists, lenders have resorted to extreme marketing strategies to ingratiate themselves with college officials...
Business interests, however, do not coincide with student interests, and financial aid officers who accept gifts from lenders betray the trust of students. Students and their families have an obligation to educate themselves about their aid options, but navigating the numerous choices available can be bewildering to those unacquainted with the process. For many people, financing a college education is their first introduction to loans, and it’s essential that colleges provide them with accurate information about the market. There is a reason why Congress, in 1986, prohibited lenders from using inducements to court applicants for federal student...
Regardless of whether financial aid officials make a conscious choice to be biased in the face of such incentives, they cannot avoid distorting their preferences on a subconscious level. Humans have a fundamental psychological need to reciprocate; a study shows that when doctors received free gourmet lunches from pharmaceutical companies, a significant increase in sales from prescriptions was measured. Even when cheaper generic alternatives were available, doctors prescribed more expensive proprietary drugs after accepting such gifts. Why should financial aid officers be any more immune than doctors to basic human proclivities...