Word: aides
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Dates: during 1990-1999
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...early 1998, Princeton University boosted its financial aid rates, triggering a rash of aid increases among top colleges. It also made people across academia wonder: is an Ivy education worth the price...
...Princeton's financial aid increases triggered other increases at Stanford, Yale, MIT and eventually Harvard, which last fall initiated a massive financial aid increase designed to give back $2,000 in loan or work-study debt in exchange for grants...
...Harvard hesitated over whether to increase its aid, many said this decision didn't make sense economically--Harvard's high yield in the admissions process despite its lack of an aid increase seemed to demonstrate that students would bear any burden to get into the University...
...Hoxby's study, 18 pages of writing and 37 pages including tables and appendices, deals mainly with broad answers to questions raised during these debates over aid...
...found that the fastest payoff came for students who chose top-tiered private schools with a financial aid offer over private schools two tiers below. These students, on average, made back the difference in tuition in less than six months...