This will allow Booth to recruit from a broader and more diverse set of students and offer expanded financial assistance.
Seeking to head off Congressional action, wealthy universities have been rushing in recent months to expand financial aid, in some cases using more of their endowments to increase assistance to low-income and upper-income students alike.
The university will expand its financial-assistance budget by 43%, to over $80m.Harvard will have a similar arrangement for families making up to $180,000.
Most of the gift, $15 million, will be used to establish an endowment that provides need-based scholarship grants; an additional $2.5 million will be used to create a separate endowment to provide enhanced benefits to international students, including an expanded orientation program and financial assistance for travel home.
Common suggestions from farmers on help they could use in dealing with future drought included better long-range weather forecasts, financial assistance to expand irrigation capacity, and more information on drought resistant crops.
The chief aim of the law is to expand health insurance coverage and offer financial assistance to families that can't afford it.
Moreover, FAO, the United Nations Development Program, the International Bank for Reconstruction and Development, and the other international agencies concerned, should intensify and expand their programs of technical and financial assistance directed at the development of the forest and forest industries sectors in the developing countries.
Increasing awareness of availability of financial assistance, implementing policies to expand affordability, and extending coverage options for the undocumented could help close these remaining gaps in coverage.
In return, the European Union will expand trade, liberalize the visa systems and give financial assistance.
South-South Cooperation has expanded – China has become an important provider of financial assistance in the Caribbean and the Pacific – but financing gaps are still high.
