Word: knowleses
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Dates: during 1990-1999
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"The landscape changed in the spring, but I decided not to react instantaneously, but to analyze and discuss--for us--how we could move to improve the educational experience of our students," Knowles said.
The $2,000 per-student increase in aid will allow students to decrease either their loan or work obligation. Knowles said the money will allow students to commit more time to extracurricular activities or to pursue unpaid internships and research during the summer.
Knowles noted that about 47 percent of College students will benefit from the $2,000 increase.
"We wanted to remove any sort of disincentive to applying for outside awards," Knowles said.
Knowles wanted the plan to take immediate effect, despite the extra $12 million that it will cost Harvard to provide the aid to all classes now rather through a phase-in process.