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Recently, MIT increased financial aid to cover tuition and fees for a larger fraction of students.
"We increased faculty, added six new master's programs, improved other academic offerings, added computers and increased financial aid for students".
The accomplishment is in part because of ongoing recruitment and increased financial aid to undergraduate students, Faust said.
A recent paper demonstrates the effect on spending decreases on degree attainment, in the presence of increased financial aid.
Harvard increased financial aid for the school year starting in September to allow students from families earning less than $60,000 to attend free.
Mr. Neal pointed out that despite its budget problems Harvard had increased financial aid to students to $145 million this year, from $136 million last year.
Similar(34)
"Increasing financial aid is terrific," as Mr. Summers says.
Most private colleges are worried about increasing financial aid costs.
Increasing financial aid can increase the odds of keeping a student in college.
Therefore next year we will, in fact, be increasing financial aid by $1 million from the operating budget.
These states also need to vastly increase financial aid to the Palestinian Authority.
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