Word: federales
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Dates: during 1990-1999
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Your recent editorial, "Give Us Our Money" (Editorial, May 14), seriously misrepresents Harvard's financial aid policies and practices, as well the relationship between Harvard's aid programs and those offered by the federal government.
Twenty years ago federal scholarship aid, including Pell grants, represented nearly twenty percent of the College's scholarship budget. Today federal scholarship aid accounts for less than six percent of the College's scholarship program. In other words, as the needs of Harvard's scholarship students have risen, the College...
During most of this decade the federal government faced substantial cost and budget constraints and Pell grant maximums actually decreased in real dollars, while decreasing even more when measured in constant dollars. From 1990 through 1995, for example, individual students received less Pell Grant assistance each year than they did...
It is worth noting as well, and as your initial article on Pell funding correctly reported, there are complex, extensive and occasionally arcane federal regulations governing precisely how much financial aid individual students can receive. In most instances we are required to reduce institutional financial aid as students receive additional...
This year's changes to the College's aid programs are unprecedented. The scholarship budget has been increased by more than twenty percent to $53 million annually, the entire increase funded by Harvard's resources. The initiatives announced by Dean Knowles in September accomplish precisely what your editorial calls for...