News
Garber Announces Advisory Committee for Harvard Law School Dean Search
News
First Harvard Prize Book in Kosovo Established by Harvard Alumni
News
Ryan Murdock ’25 Remembered as Dedicated Advocate and Caring Friend
News
Harvard Faculty Appeal Temporary Suspensions From Widener Library
News
Man Who Managed Clients for High-End Cambridge Brothel Network Pleads Guilty
The Financial Aid Office will boost scholarship stipends for next year to help meet rises in student expenses, but the exact amount of the aid increase is still uncertain.
According to the officer's estimate, the expenses of a scholarship student at Harvard will go up by $510 next year-$400 more for tuition, $60 more for board, and $50 more for miscellaneous personal expenses.
"We hope that we'll be able to cover at least half the increase in expenses," said Seamus P. Malin '62, assistant director of Admissions and Financial Aid. His estimate of the scholarship increase was only preliminary, Malin cautioned, since the financial aid budget for next year has not been completed.
Malin said that scholarship holders would be expected to meet $150 of the increased expenses themselves:
The office normally estimates that a student's summer earnings should increase $50 after each year at Harvard.
The amount which a student is expected to contribute from term-time earnings-or by taking out a loan-has been raised from $500 to $600. Currently, dorm crew and dining hall workers earn from $700 to $800 a year by working 8 to 10 hours a week, he said.
Families Pay More
Though the office has not finished reviewing statements of family financial status for next year, the data thus far indicate that most of the remaining $100 can be met from increased family contributions, Malin said.
The number of scholarship holders at Harvard is also going up: 410 scholarship holders will graduate this spring in the class of 1969, while 530 will come in next fall with the class of 1973.
Because of the termination of ROTC contracts, Harvard will be granting scholarships to about 15 members of the class of 1973 who would have received ROTC scholarships, said L. Fred Jewett '57, director of Freshman Scholarships. He es- timated the cost of replacing the ROTC scholarships at $25000 to $40000 for next year.
The increases in average stipend and the number of scholarship holders are expected to cost at least $700,000 in all.
Some of the increased scholarship costs will come from increases in income from the endowment for scholarships, but two other sources of the scholarship budget-Federal aid and alumni contributions-will not increase much, if at all, next year.
Malin said that Harvard will get only a slight increase in Federal scholarship aid next year, and may even get less money than this year.
The aid office feels that the spring events may have hurt alumni contributions. "We think that we may still be able to get more [from alumni] but We'll have to work a lot harder," Jewett said.
Another source of the aid office's budget-unrestricted funds from the 'Faculty of Arts and Sciences' budget- will probably bear much of the increased scholarship costs
Want to keep up with breaking news? Subscribe to our email newsletter.