Word: aid
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...panic-stricken behavior makes perfect sense in light of the nation's recent history. Of all of the amazing growth stories in Asia's economic miracle, South Korea's is probably the most miraculous. In a mere generation, the country transformed itself from an impoverished backwater living on American aid to a globally competitive manufacturer of microchips, cars and flat-screen TVs. Any setback to that progress is taken with grave seriousness. During the 1997 crisis, office workers, too ashamed to tell their families they had lost their jobs, donned business suits each morning only to hide...
...such a program cannot be conceived without changing government regulations concerning financial aid. Luckily, such regulations aren’t quite so detrimental to Harvard—an institution that can afford to replace loans with grants. But they can be disastrous for institutions that lack Harvard’s generous endowment. Professor of Eonomics Terry B. Long, who has been working with H&R Block on the FAFSA Simplification Study, says, “High levels of debt are deterring people from going to college at all.” She adds that people in the United States find...
...economy worsens, fundraising has become, and is going to be, an increasingly difficult challenge. Alumni have voiced much concern about funding financial aid: their wish to establish a “rainy day fund” for scholarship holders covering them in case of crisis, is being taken seriously. Unfortunately, no one knows how long the rain will last...
...This program, and the work of those in charge of Harvard’s aid programs, is essential: “Institutions of higher learning are the engines of mobility,” Donahue says. “Make them unaffordable and we’re not making a good investment in our country’s future...
...have no plans to change it,” she says in respect to financial aid. Furthermore, and luckily, “We will continue to respond...