Word: cents
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Dates: during 1940-1949
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...post-war inflation of costs has created a scholarship problem for the College. The minimum cost of going to Harvard College has increased about 50 per cent from about $1000 in 1940-41 to about $1500 or more now. Our scholarship money which comes from endowment has, of course, set increased anything like this amount...
...course, the College wished to expand its number of scholarship awards. We would like to increase our awards to freshmen from 20 to 25 per cent of each entering class, and also to increase the aid that we can give to upperclassmen. And toward this objective we are laying long-range plans which will require the increase in scholarship endowments as well as more effective use of loans and employment...
...Committee has recommended that there be a reduction in interest rates on long-term loans granted by the College, and that money be made available for large amounts of such loans to undergraduates. At present grants from the College loan funds carry an interest rate of 41/2 per cent. We are presently studying loan fund systems of other colleges which charge no interest at all until after graduation, or very low rates of interest of 1 or 2 per cent...
...gimmick in the five cent beer is the small glass that surrounds it. The publicity conscious barkeep in New York now in the national spotlight is supposed to use a six-ounce stein for his nickel brew. Local pourers suspect his heads foam unusually high. Another tavern on 96th Street sells ten cent beer in nine-ounce glasses, and five cent helpings in four-ounce steins. The profit here still goes to the clever samaritan who paid for the television set over your head...
What's more, a Massachusetts law now pending may slap a dollar tax on every barrel. Stick around, you may soon see a fifteen cent helping of hops . . . and still no free lunch...