Word: flier
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...unprecedented initiative to reduce debt levels for medical students, Harvard Medical School Dean Jeffrey S. Flier announced last week that the school will eliminate the family contribution starting next year for students whose parents earn less than $120,000 annually...
Though medicine has traditionally been a high-paying profession, Flier noted the "recent trend that starting salaries in medicine are lagging increases in educational debt." He has made expanding financial aid a priority since becoming dean last summer, and has said that he has firsthand experience with the costs of medical education because his daughter recently attended medical school...
...understand Harvard participates in [financial aid] efforts, but it appears to be insufficient," Flier said in an interview last July, shortly after being appointed. "Part of my job as dean is to work to raise the funds so that we can reduce the burden of debt on our graduates...
...addition to eliminating the family contribution for those earning less than $120,000 annually, Flier said in his letter that the Medical School would also no longer take into account the income families set aside each year for retirement...
...Flier added that the school will continue its work to become more affordable. Noting that the three components of financing a medical education are the family contribution, the loan package, and institutional scholarships, Flier said the Medical School will now turn its attention to improving loan packages...