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Despite recent changes to the financial aid systems of other universities, Dean of the Faculty Jeremy R. Knowles said Harvard is not yet ready to radically overhaul its financial aid packages.
"Faculty members get a more detailed letter from Dean Knowles, a copy of FAS guidelines and a reminder that sexual harassment is against the law," Doherty said.
According to the University's financial reportto the Board of Overseers--released lastNovember--and Dean of the Faculty of Arts andSciences (FAS) Jeremy R. Knowles' recent budgetletter, two-thirds of undergraduate financial aidfunding comes from the FAS endowment.
Endowment payout has been set to rise 7 percentfor this year, FY '98, and 8 percent for the yearafter, according to Knowles' budget letter.
Knowles conceded the College may make moreefforts to reduce student costs if the endowmentgrowth continues at its fast pace.