Word: mit
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Dates: during 1990-1999
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Financial aid reform came to Cambridge last Friday, as MIT announced it would eliminate $1,000 in loans and work-study requirements for all students on financial...
...MIT's announcement, coupled with a pledge to increase overall scholarships by 14 percent, comes in the wake of a month of financial aid changes at big-name universities...
Since late January, Princeton, Stanford and Yale have also announced increases in financial aid targeted at middle-class students. MIT Director of Financial Aid Stanley G. Hudson said his school's announcement was in part spurred by these changes...
Hudson said MIT's loans and work-study requirements--collectively known as the "self-help" portion of a financial aid package--had traditionally been larger than at competing schools...
...MIT will now expect students receiving financial aid to provide $1,000 less in self-help aid for the next academic year. Some needier students' burdens will be relieved by as much...