Word: aides
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Dates: during 1990-1999
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This time, the instrument of change is the College Board, the organization that runs the SAT program, and which also plays a large role in the world of financial aid...
...used at nearly 400 colleges and universities, including Harvard. Director of Financial Aid James S. Miller calls the IM the "backbone" of need calculation at Harvard...
...worked well for very low income families, but middle income and upper middle income were "really getting whacked pretty hard," said Stanley G. Hudson, an MIT dean and financial aid officer, who is on the advisory committee looking into...
Concerns about the current aid formula resulted in a proposal by the College Board to change the IM, a proposal which is now being reviewed by financial aid offices across the country...
...general," says Jack Joyce of the College Scholarship Service (CSS), the financial aid arm of the College Board, "[The change] would result in increased aid for many families," both in larger need assessments and also in more families qualifying for financial aid...