Harvard Gets $70,000 For Graduate Loans In Science, Math

The University has received a $70,000 grant from the Ford Foundation for scholarship use by graduate students in the fields of engineering and applied science.

As part of a long-range program to offset the growing shortage of engineering and applied science teachers in the United States, the Foundation distributed $2.3 million this year to 42 universities.

A unique feature of the program is that the loans are "forgiven" at the rate of $1,000 per year if the recipient enters the field of teaching at the university level upon receiving his doctorate. In other words, a student who receives a $5,000 grant and then teaches for five years will have paid back the University and, in effect, received a $5,000 gift.