Word: lowered
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Dates: during 1990-1999
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...system is expected to bring the students between $1,400 and $6000 more per year. The plan will ignore the first $150,000 of a family's assets in calculating that family's expected contribution. The amount students must contribute from summer job incomes will also decrease, allowing for lower-paying internships or a summer abroad...
...study did not break down its findings byschool, but according to Dean of the College HarryR. Lewis '68, "our numbers are somewhat lower thannational averages, but by no means comfortinglylow...
Lewis attributed Harvard's lower level ofdrinking to the lack of fraternities on campus andto education efforts aimed at first-years...
...that, many funds have paid a price. Weary of laggard returns, investors have been shifting billions of dollars to passive funds like the Vanguard Index 500, where they are assured of getting market-matching results (and lower fees). Now active managers are striking back, brandishing what I'll call the "big-bet" fund. By limiting the number of stocks in tow and generally holding on longer, these funds correct some of the faults that have driven money to the indexers...
...beating the market this year. On average, the group of 31 has returned just 12% a year for the past five years, vs. 18.3% for the S&P 500. The big-bet funds lag badly over three- and one-year periods too, though they stack up O.K. against the lower standard set by the average diversified stock fund...