Word: haves
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Harvard’s current financial aid program, research programs, and student life funds have faced budget anxieties of varying severity due to a struggling economy.
“It made a huge difference in the ability of students to access higher education but we knew we were going to have to do it again,” Nixon said. “When you are in tight budgetary times you don’t just...
The 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...
By the end of February 1985, college students were banding together through the Boston Area Student Coalition to organize rallies, postcard-writing campaigns, and petitions to reject the budget proposal. The $32,500 guaranteed student loan cap alone could have impacted two million students nationwide, according to Crimson coverage. Harvard...
“There have been a lot of parents who have been losing jobs, and people have experienced all kinds of financial hardships that really make it difficult for them to come up with the amount we expected them to contribute,” Donahue said. ?...