Word: pells
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Just 568 Harvard students actually receive Pell Grants, according to the manager of federal and state aid for the College...
Despite the projected increase, a Pell Grant does not even meet the cost of one-ninth of a Harvard education...
Over the next two years, Harvard's tuition will most likely increase and, in effect, absorb the extra $340,800 added to Harvard's coffers with Pell Grant money, Donahue said...
...federal increase barely saves Harvard any money it would otherwise provide with institutional funding. If the Pell Grant increase were to be absorbed by next year's financial aid budget, which includes about $61 million in institutional money, Harvard would only stands to save .56 percent of institutional funding, assuming the number of recipients remained consistent...
However, to another institution, the increase in Pell Grant funding might significantly reduce the burden on their financial aid and scholarship programs...