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...cringe. But Harvard’s recent announcement that, along with eliminating all loans, it will provide aid for some families earning between $120,000 and 180,00, gave me new rise. In some cases, a family earning $180,000 might only be responsible for paying ten percent of their income, which is not even half the cost of a full tuition. My gut tells me that it is a lot of money, earned by a small percentage of the populace, and that it is money that could surely be better spent. But given the average price of attending...
...vast increase in aid to middle and upper-middle class students. But just as important are Harvard’s termination of loan-based aid and the exclusion of home equity from aid calculations. The new policy will limit annual tuition payments to no more than 10 percent of income for families making between $120,000 and $180,000 annually, reducing tuition payments for families in that bracket by several thousand dollars per term. The University also announced that it will increase financial support for graduate students in order to make Harvard more competitive with its peer institutions, a step...
...explain such disparate punishments, it hardly justifies them. Though few today see crack cocaine as a more dangerous threat to American society as other highly addictive drugs, legal observers have noticed one important difference between crack and other drugs: those convicted of crack violations are overwhelmingly black. While 27 percent of those convicted of crimes related to powder cocaine are black, the figure jumps to an astounding 85 percent for crack. As Sentencing Commission member Judge William K. Sessions III argued in announcing the decision, “justice is, and must always be, colorblind?...
...startups like Staples, Domino’s Pizza, and Sports Authority. CEO Romney grew an initial $37 million and seven-person staff to an impressive $4 billion and 115-person staff. During his fourteen-year tenure, Romney averaged an annual internal rate of return on realized investments of 113 percent...
...decision-making process “bathing in the data.” He pours over information, debates with colleagues, and implements a policy only after hearing the case against it. He’s cheap too, promising to cap non-defense discretionary spending at inflation minus one percent. Indeed, Romney the businessman could restore fiscal responsibility to the GOP brand...