Word: need-blind
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Harvard will pay out more than $32 million in need-based financial aid next year, maintaining its need-blind admissions policy. And nearly two-thirds of Harvard undergraduates will get some form of financial assistance, with about 45 percent receiving scholarship grants...
...blood. Harvard grads give the money to buy books, support research, create professorships, buy athletic equipment, landscape the Yard, supply ice cream at the Union and fund a host of other miscellaneous line items in the University's budget. Most importantly, it is alumni giving that supports Harvard's need-blind admissions policy and doles out colossal amounts of financial aid to students each year (including a hefty chunk of cash to this writer...
...earlier and less troubled times our prospects seemed unlimited," Knowles said. "Alas, it is now clear that...the major portion [of campaign funds] will be needed to strengthen our commitments to such fundamental and continuing activities as need-blind admissions to the College and the recruitment and retention of a world-class faculty...
...would take an awful lot to drag me awayfrom need-blind admissions and aid...I myself wasa beneficiary of it as a student," Rudenstinesaid. "I just think you would be breaking abarrier and a principle that is so important andclearly beneficial to everyone in the long runthat I just don't want to contemplate...
...University has been reluctant toabandon its longstanding need-based financial aidpolicy. Along with need-blind admissions,need-based aid pioneered Harvard's successfulrecruitment strategy in the early 1960s...