Word: need-blind
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...need-blind admissions policy. In the 1960s and '70s, when states began to pour money into low-interest loans and grants, Jewett helped make Harvard one of the first colleges to admit applicants completely without regard to financial need. Even in today's environment, when more and more universities are cutting back on educational funding, Harvard remains firmly committed to need-blind admissions...
Lewis said that the combination of need-blind admissions and the commitment to providing financial aid to meet the total need of admitted students is an important factor in producing the College's high yield...
Such an effort would be very difficult. Some programs and departments might have to be eliminated. Some students might not be able to attend. Need-blind admissions would probably have to be sacrificed. Harvard would probably not be able to maintain its current level of socio-economic, racial and geographic "diversity" among its students. On the bright side, Harvard would also have an incentive to find ways to reduce the exorbitant cost of its tuition...
...whatever means necessary, Harvard must find some way to get the yoke of the government off its neck. Diversity and need-blind admissions may be nice things to have, but they are worth nothing if Harvard has to sacrifice its freedom to get them...
Fitzsimmons said success was also due to the "absolutely critical" need-blind admissions and Harvard's "unwavering commitment to admitting the very best students wherever we find them and finding the money to meet their need is the cornerstone of recruitment efforts...