Word: boodram
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...Even with a unit loan increase, the HMS scholarship budget continues to experience unprecedented growth—well in excess of our tuition increases,” Boodram wrote...
...dramatic increase in financial need levels over the last two years and a considerable decrease in family resources—down 14 percent on average from last year to this year—sparked the increase in the portion of financial need met by loans, according to Mohan D. Boodram, HMS Director of Admissions and Financial...
...When the unit loan stays flat, as it has for the last seven years, family contribution and the scholarship budget have to absorb any increases in overall costs,” Boodram wrote in an e-mail. “The unexpected surge in scholarship demand has made it impossible to sustain a $20,000 unit loan given available scholarship resources...
...Boodram also said that low interest rates should prevent students from accruing more debt than those students who faced lower unit loans with higher interest rates...
...Boodram also said that the change will not make HMS less attractive to prospective students...