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Harvard is considering reducing capital spending and projected new debt issuance by as much as 50 percent due to recent endowment losses, according to a credit rating report issued by Moody’s Investors Service on Wednesday.The University has already slowed construction of its Allston expansion, which combined with other campus capital projects would have cost roughly $1 billion a year in capital spending and required Harvard to issue $3 billion in new debt over the next three to four years, according to the report.Planned spending could revert to higher levels “if fundraising results...
MEFA undergraduate loans had a fixed interest rate of 6.39 percent for the 2007-2008 academic year...
Faust acknowledged, however, that the expected 30 percent decrease in the University’s endowment would be difficult to accommodate and that administrators have not established a time frame for working toward fulfilling certain commitments, such as financial assistance for parents...
MEFA, a non-profit, self-financed state authority, will provide loans for the 2009-2010 academic year for undergraduate students at a fixed 7.75 percent interest rate. The graduate student loans interest rate is higher at 8.89 percent...
...about 200 proud teenagers from a mind-boggling variety of backgrounds. The Elizabeth Garrett Anderson School has about 1,000 students, all of them girls ages 11 to 17, two-thirds of whom speak English as a second language. Fifty-five languages are spoken at the school. Ninety percent of the students are ethnic minorities, and no single ethnic group makes up more than 21% of the student body. As a group, they treated Obama as if she were an American Queen, a personification of what they can only dream of becoming in a country where no minority has risen...