Word: gsls
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Harvard graduate school officials blamed the tuition increases partly on proposed federal cutbacks and said that the Reagan Administration's plan to scrap Guaranteed Student Loans (GSLs) for graduate students would contribute to future tuition increases. Presently, GSLs help support about 650,000 graduate students nationwide and 5400 at Harvard...
Despite the possibility of federal cutbacks in the graduate GSLs Edward L. Keenan '57 dean of the GSAS said yesterday that the school will continue its policy of guaranteeing all admitted students as much aid as they need...
...same dilemma, even more severe, faces graduate students, many of whom are already financially independent of their parents. Under the proposed cuts, graduate and professional GSLs--which help support about 650,000 students nationwide and 5100 at Harvard--would be eliminated entirely. Officials say providing in-college loan programs to replace GSLs, as the Business School already does, would not only require enornmous investment's but also impose such heavy debt burdens that students might feel unable to pursue any but high-paying careers after graduation...
Currently, the government subsidizes interest payments for all students with GSLs for the time they are in school...
Harvard financial aid officials said it was not clear how the new rules, if authorized by the full Congress and signed by President Carter, would affect students with GSLs...