Word: aides
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Dates: during 1990-1999
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...College's failure to commit to leading rather than following on the crucial matter of financial aid embodies every negative stereotype that those outside of Harvard associate with our fair University. It is arrogant, selfish and snide. The University coddles its funds, running capital campaigns to build extra squash courts while throwing its students (even the squash players) into ungodly debt...
Financial aid and funds destined for specific purposes usually lure donors more readily than giving to facilities or general renovation, he says...
President Neil L. Rudenstine has said that FASwill make changes next fall to its evaluation ofstudent need during the financial aid process,changes that will probably cost millions...
These proposed changes make the FAS campaignall the more crucial. Harvard has long-pledged tomeet all demonstrated need, however, so gifts tofinancial aid essentially go to free unrestrictedgifts--those without explicit purposes binding theUniversity--to meet other FAS needs...
After 30 years of stability and tacit cooperation in Ivy League financial aid, a January announcement by Princeton University set off a chain reaction that pushed five of the nation's top universities into increased generosity in a matter of months...