Word: hike
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Regressive taxes under George W. Bush's new plan, regressive tax under Harvard's tuition hike--now do you see the problem...
...does not release figures on family income. It is hard to tell what the 70 percent of the student body on financial aid represents. All we do know is that the average grant Harvard gives is around $18,000 (it will be $20,000 next year reflecting the aid hike). We also know that only 50 percent of Harvard students are on Harvard aid. Twenty percent receive federal aid and work-study but not Harvard money. Those students, who don't qualify as "needy" are, to some degree, the middle class. Harvard has a tendency to lump these two groups...
...financial aid, the jump in tuition next year will take even more money out of their families' pockets. Tuition increased by 3.5 percent--the first time in nine years that tuition has increased by a higher percentage than the year before. We see little justification for this large tuition hike; the University's services to students have not improved so drastically over the last year, and inflation certainly doesn't account for the entire increase. In light of Harvard's burgeoning endowment, it seems perverse that the University is seeking even more money directly from undergraduates...
...Greenspan spent the rest of the morning dodging questions from House members on the Bush tax cut, and at one point had to sit still while Barney Frank demanded an explanation of why Greenspan had "intensified" the current slowdown with that half-percent hike in May 2000. (Greenspan launched into an answer, but Frank had already used up most of the five-minute limit, drunk on his own chutzpah. Greenspan offered to discuss it with him later...
...Part of the problem, of course, is that cable isn't a very competitive marketplace. Heavy infrastructure demands make it a natural monopoly in most areas, and it takes a big rate hike indeed to get a customer to switch to what's usually the alternative: rabbit ears. Without liquidity in the marketplace, the rush of competition takes a lot longer than a year to materialize...