Word: sas
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This company, called Student Aid Services (SAS), was run by Dean of Admissions and Financial Aid William R. Fitzsimmons and two senior aides, Assistant Dean Warren C. Reed and Director of Financial Aid James S. Miller. It was formed with the explicit approval of the Harvard administration...
...admission, Harvard had been a key player in the exchange of student financial information since the 1950s, to the point of volunteering its own officers' time for the private company--SAS--commissioned to collate the data...
...Harvard, a non-profit institution, endorse SAS, a for-profit company, especially when the University's own officers are the ones making a profit? And while Harvard insists the deans observed all University conflict-of-interest regulations, how can this be reconciled with the fact that these deans could not possibly have gained their SAS posts--for which they were compensated on an hourly basis--without their direct ties to the University...
...instead of answering these questions, it seems Harvard is trying to blur the details of its involvement with SAS. Grant the University's case that shared financial data prevents "bidding wars" for top students, and grant that SAS provides a necessary service to schools...
Smythe said that participating financial aid officers kept all information supplied by SAS confidential...