Word: malines
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...Obviously more students at Harvard qualify now than under the old $15,000 category," Seamus P. Malin '62, director of the financial aid office said yesterday. "This extends the loans to a slightly higher family income bracket...
...Before lots of families used loan programs as a way to meet part of the expected family contribution they didn't want to come up with," Malin said...
...formula eliminates that possibility, Malin said. If a student gets extra loan money elsewhere, it is deducted from the amount of his guaranteed loan. And if his total loan and aid money exceeds the figure set in the federal formula, the government will no longer pay the interest on the student's loan. A student borrowing $1000 a year for four years at seven per cent interest would lose...
...Malin added that the University would actually lose money if it recruited poor students just to get more Federal money under this bill...
...every low income student brought in with government aid, the dollars we must offer him on top is phenomenal." Malin said. Even if the government gives us the maximum grant, we must put on $3000 more, he added...