Word: hike
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Dates: during 2000-2009
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...Greenspan hailed the recovery, the House passed a scaled-back economic package that amounts to a Republican retreat on broader tax cuts. The rebates were a one-time boost that won't be matched this year. In another policy negative, Bush's new steel tariffs--in effect, a tax hike--could spark higher prices and a trade war that would greatly damage global growth...
Given that the announced tuition hike is here to stay, the University should devote the new revenue directly to initiatives such as an expanded freshman seminar program, to more choice in the Core, and to a larger Faculty that is more involved in undergraduate education. It should also account for the difficulty its unexpectedly high increase will cause many families during the current economic slump, especially those that are on the cusp of receiving financial aid. Those who already qualify for aid should receive adjusted packages—as the office has said they will—and they should...
...suspect that the benefits to undergraduates will not warrant the magnitude of this increase. Although we support hiring more professors to reduce class sizes and increase student-faculty interaction, the lack of available space makes it unlikely that enough professors would be hired to justify this tuition hike. During the 11-year term of outgoing Dean of the Faculty of Arts and Sciences (FAS) Jeremy R. Knowles, the size of the senior Faculty increased by only 50—an average of less than five per year...
...wealthiest Harvard students, whose parents make substantial incomes, the tuition increase will pose no problems. Likewise, for the least wealthy Harvard students, increased financial aid will absorb the costs of the hike (even if it may leave them with a larger work-study requirement or greater post-college debt). But for the rest of Harvard’s students, whose parents make too much to see the costs absorbed by aid and too little for the costs to be an inconsequential expenditure, the tuition hike will be a real burden. Feeling the pinch of the recession, members of the middle...
...raising tuition equals but a few grains of sand. If every student paid the additional $1,681, it would bring an extra $10.7 million to FAS next year. But, given that some students on financial aid will not have to pay these costs, the real value of the tuition hike will be somewhat less. Still, even the over-estimated $10.7 million figure amounts to only .13 percent of FAS’s portion of the endowment; the waterline would barely budge if the Corporation paid out this money...