Word: gibsons
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Dates: during 1970-1979
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...Jerrold Gibson '51, director of the Office of Fiscal Services, says the success of the PLP shows that "education is important enough to middle-income parents that they are willing to pay if we can figure out some way to help them...
...question at this point is not whether Congress will pass an aid package for middle income students, but which plan it will pass. Gibson says educators are debating whether or not middle income families really are worse off than they used to be. He points to figures showing income after taxes rising faster than college costs as an indication that parents may not be as badly off as they think they are. But families have new expenses, like skyrocketing energy costs, while at the same time the tight job market makes college seem a necessity these days rather than...
Harvard, of course, has an interest in which bill passes and is lending its voice, along with those of other expensive schools, to support the student aid bill. Gibson says the increased funding for the SEOG program and the Guaranteed Student Loans are particularly helpful for students in such schools. The BEOG has a maximum grant and is not affected by the cost of the school the student attends, but the SEOG money goes directly to the schools to allocate as part of their financial aid program and is therefore sensitive to the costs of each school. Most students...
...Gibson says he is worried that, unless Congressmen hear strong support from their constituents for the student-aid bill, they will pass the tax credit, which appears to be a simple way of allocating the money, rather than take the time to understand the more complicated impact of the student aid bill...
...number of middle-income students choosing to attend Harvard rose by six per cent last year, the first year during which the new loan plan was in effect, Gibson said...