Word: fiscales
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...federal budget of the 1986 fiscal year would have slashed financial aid funding, capping money allotted per student on federal grants and loan aid to $4000 and establishing an income ceiling of $32,500 for guaranteed student loan eligibility. The cuts also included a $2.3 billion reduction in financial aid spending. Additionally, the Reagan administration proposed significant cuts to National Institutes of Health funding, one of Harvard’s largest sources of science funding...
Federal funding is also of interest to the programs supervised by Meg Brooks Swift ’93, director of the Student Employment Office and Undergraduate Research Programs. Most budget reductions this fiscal year for the programs Brooks Swift oversees were taken from administrative funds so as to preserve the student grants themselves, she said...
...University is falling into line, standing by its smaller departments even amid high fiscal pressures...
...flush times, the luxury of garnishing smaller departments is just another reminder of Harvard’s reach and wealth—the trappings of a mighty endowment. But recent fiscal constraints have forced the University to sharpen its priorities and, consequently, devote greater attention to where cuts—not additions—can be made...
...earlier version of the May 24 news article "Study: Colleges Caused Financial Crisis" stated that in the 2009 fiscal year, Harvard’s endowment decreased by about 11 million dollars. In fact, the endowment decreased by about 11 billion dollars...