Word: tuition
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Dates: during 1960-1969
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...second thing Webster did was to institute a policy which guaranteed full refund of tuition if the course did not triple-improve the student's reading. This is the prime factor for the popular success of Reading Dynamics. Since the day the guarantee went into effect, the driving force behind the Evelyn Wood program has been the profit motive...
Special attention must be paid to the guarantee: "Reading Dynamics will refund the tuition of any student who fails to at least triple his reading index during the course as measured by our standard testing program. This guarantee is valid so long as the student attends each lesson and maintains the requisite home drill at least one hour daily at levels specified by his instructor...
Thomas E. Crooks, Director of the Summer School, calls the tuition "the lowest of any school of our quality that I know of," but to that must be added the opportunity cost. If you go to summer school you can probably not man-age a full-time job, and scholarship students are required to earn money during the summer. Crooks would like the Financial Aid Office to interpret that requirement more flexibly, but the Summer School itself controlis no scholarship funds...
...takes a big chunk of money to run the colossus that is Harvard University--$135 million last year. The Federal government chips in about a third of the total, but the University must provide the rest from year-to-year alumni gifts, foundation grants, student tuition, and the yearly income from the famed and mysterious billion dollar endowment...
...endowment includes long-term donations for scholarships, professorships, and building--both in the graduate schools and the College. More than anything else it tells the story of Harvard's financial condition from year to year. If the usual five percent return ever dropped to four per cent, tuition might have to be doubled to meet costs. And conversely an improvement of as little as 1/10 of a per cent brings an extra million dollars into the University's coffers...