Word: krause
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...administrative problems the plan inherited from the controversial Kraus plan seem to have been resolved to everyone's satisfaction. Significantly, the calculation of a spouse's income has been revised to allow a subsistence income which is not taxed by the University. The calculation of parental contribution remains in the new plan. While the administration recognizes that the graduate students are more likely than not financially independent of their parents, it is working on the assumption that parental wealth is a good indicator of the student's potential wealth and thus the debt he can be expected to assume...
...proposal, based on last year's controversial Kraus Plan, introduces a need-based analysis into the previously merit-oriented GSAS financial aid program...
...Harvard's money belt and the withdrawal of federal funds for education has squeezed graduate student scholarships. Harvard says it cannot afford to fund the studies of both meritorious and needy students at once. Last year's Union said Harvard must find the money to fund both. The Kraus Plan was a compromise which placed financial burdens on middle-class students and it was never well received by the students at GSAS...
Although no graduate student group has formally responded to the revised plan, indications are that the plan may be as unacceptable to graduate students as the original Kraus Plan. Two of the three student members of the Committee on Fellowships voted against the plan, a first draft of which was issued on Monday...
...plan retains two provisions of the Kraus Plan which the Union opposed during its strikes. The new plan still calculates need according to parental assets, and departments still retain the option to fund students $1000 below their calculated need so as to free funds for students seeking scholarships on the basis of merit...