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...increase in federal financial aid, boosting the size of some Pell Grants by up to $1,100 per year and gradually cutting the interest rates of federally subsidized loans from 6.8 percent to 3.4 percent. The Pell Grant, a form of financial aid given to more than 5 million low-income students each year, will be capped at a maximum of $5,400 per year by 2012 under the new law. Sally C. Donahue, director of financial aid, called the new legislation, which has been compared to the 1944 G.I. Bill, “an investment in this country?...
...longer makes economic sense. Enter the open access movement, which is slowly marching its way across academia. The open access movement seeks to displace the expensive, subscription-only elite journals that have long held a stranglehold on academic papers by publishing scholarly works online for free or at very low cost. Currently, the cost of subscribing to traditional scholarly journals is prohibitive for individuals and organizations (such as nonprofits) that would appreciate and benefit from access to articles the forefront of research and academia. Some have argued this will undermine the peer-reviewed academic journal that is the cornerstone...
...should be connected.” But advocates of closer regulation argue that students are not benefiting from universities’ increasing wealth. Citing her findings in a report commissioned by the Finance Committee, Jane G. Gravelle, an economic policy specialist for the Congressional Research Service, argued that low endowment payments in recent years—a number she said hovered under 5 percent of yearly income—indicated a need to impose mandates on how schools use their money. “Small additions from the endowment distribution could mitigate or eliminate tuition growth and substantially expand student...
Saturday and Sunday, MIT hosted the Smith Trophy, a low-key, 25-team regatta on the Charles River. A combined 15 races took place over the two-day event, and the Crimson finished in seventh-place in the end. The host Beavers took top honors at the regatta, followed by Brown, Tufts, Yale, Boston College and the Coast Guard Academy...
...Murphy ’73, could not be reached for comment yesterday on how the bill would affect the store’s book prices. Beasley and Amadi P. Anene ’08—co-founders of the Course-Cost Assistance Program, which provides textbook stipends to low-income Harvard students—encouraged their fellow undergraduates to attend tomorrow’s hearing. “My main concern is to organize the event so that the bill passes,” Anene said. “We’re going to have college students come...