Word: budgeters
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Dates: during 1970-1979
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Recently Harvard's biggest gains have come in the federal sector--a welcome, if uncertain, windfall. A Congress intent on budget-cutting could slash aid to education any time and administrators remain wary of relying heavily on the federal funds. But for this year, the Middle Income Student Assistance Act that Congress passed in October 1978 should double both grants to students and federal work-study projects at Harvard. As R. Jerrold Gibson '51, director of the office of fiscal services, says, "it's the biggest increase for federal aid to education ever--you can't knock that...
...area that Congress cut in this year's budget and one that might decline or even disappear in future years is the National Direct Student Loan program (NDSL), an alternative that offers students loans at 3 per cent interest, as opposed to the 7 per cent Harvard charges on its own loans. Across the nation, NDSL has been plagued by students defaulting on their loans, and Congress dislikes the program. Nor did a 60 Minutes expose of the NDSL's problems in the fall help its reputation. Next year, Harvard will receive $440,000 in NDSL funds, 26 per cent...
Moore said the criminal justice professor will have a year to develop plans for the program. The budget and size of the proposed center have not yet been determined...
...Radcliffe does have another definition beyond its identity as a meaningless name or a fond memory: it is a chartered corporation with a $16 million annual budget. Financially independent from Harvard, it is run by a 38-member Board of Trustees and is technically responsible for the education of the women it admits. Although recent agreements with Harvard delegated the day-to-day responsibility for the education of undergraduate women to Harvard, members of the Board of Trustees claim that Radcliffe is more influential in the lives of undergraduate women now than it ever has been. But if that...
...million budget, $11.6 million is used for tuition for Radcliffe women, $1 million for undergraduate financial aid for women, and the $5 million balance for administration and programs. Five million is not enough to run Radcliffe, the Board feels, so this year it launched a Century Fund Drive to bring alumni annual giving to $1 million in three years and to raise $10 million over the next five years to improve existing programs...