Word: tuition
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...recent years, however, that playing field has been increasingly leveled. Financial aid in the Ivy League has risen to the point where families who contribute the least receive the equivalent of a full ride. At Harvard, families making below $60,000 do not have to pay any tuition at all, and similar programs have arisen at Yale and Princeton...
...although he doubts these talks “signal an immediate change.” If legislation does indeed result from these talks, “it would have an adverse impact on income flows for Harvard and other universities and make it difficult to manage operations without raising tuition,” he said. Although Harvard has taken advantage of this technicality for many years, according to Gaine, “it would be difficult to lose the opportunity to improve performance and reduce risk through the implementations of absolute return strategies,” he said. University spokesman...
Schwartz noted later in an interview that students whose financial aid packages require them to contribute a certain amount of summer earnings to their tuition payments often do not apply to public service internships—particularly political ones—because they usually don’t offer salaries...
Colleges and universities have seen tuition and fees outpace yearly inflation since the inception of the Guaranteed Student Loan program by the Johnson administration in 1965. Yet what President Lyndon B. Johnson intended as a supplement to college funding—loans— has now become the main course...
...primary reason for this, and the primary reason for the exponential increases in tuition and fees, is that federal and state funding of higher education has slowly dwindled over time. For example, twenty years ago federal Pell grants would cover a majority of costs at a four-year public institution. Now, at the maximum level allowed by law, a yearly Pell grant could cover about one third of a year’s costs at the same institution. Likewise state funding has dropped significantly. State funding covered about half of the cost of tuition in 1980; as of 2000 that...