Word: reductionisms
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Dates: during 1970-1979
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A substantial nationwide reduction next year in federal grants to graduate students has caused the Graduate School of Arts and Sciences (GSAS) to begin looking for new sources of financial aid.
Sisson said the reduction in federal funds for financial aid is "encouraging a change in thinking here about graduate student scholarships. We think greater emphasis should be put on financial need. Awards are now made primarily on the basis of academic ability."
Francis G. O'Brien, an NSF official in Washington, said yesterday. "Part of the slack caused by the reduction in direct support to students will be taken up through increased funding for research."
According to Della Terza, "Although efforts are basically with graduate students," there has been a reduction in the department's budget of money for graduate student scholarships in recent years, leading to the new emphasis on undergraduates.
Ordinarily, bankers keep their charges for borrowing in lockstep with those of rival lenders. But when the Chase Manhattan Bank initiated the latest round of interest-rate reductions two weeks ago, other bankers grumbled that it was too much too soon. The Chase sliced its prime rate by a fat...