Word: based
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...said such a move would likely be supported by the Bush administration and others that believe that the base guarantee locks the government into giving institutions aid money based on past needs, rather than based upon present needs...
Donahue said Harvard would lose out under such a change because it has received money under the Higher Education Act since the 1970s and thus has a base guarantee that allows Harvard to obtain a disproportionately large level of funding...
...said some are concerned that without the base guarantee, the funding accorded to schools will be too volatile with yearly demographic shifts in the student body...
...added that Senate leaders have not publicly endorsed such a switch, which could mean that the base guarantee might not be eliminated...
...added that the current House proposal would have a 10-year phase-out of the base guarantee so that families could adjust to the new financial expectations...