News

Harvard Researchers Develop AI-Driven Framework To Study Social Interactions, A Step Forward for Autism Research

News

Harvard Innovation Labs Announces 25 President’s Innovation Challenge Finalists

News

Graduate Student Council To Vote on Meeting Attendance Policy

News

Pop Hits and Politics: At Yardfest, Students Dance to Bedingfield and a Student Band Condemns Trump

News

Billionaire Investor Gerald Chan Under Scrutiny for Neglect of Historic Harvard Square Theater

Student Aid

THE MAIL

NO WRITER ATTRIBUTED

To The Editors of the Crimson:

Your news story "New Federalism and Education: Federal Student Aid Cutbacks Force Massachusetts to Respond" that appeared over the-by-line of Jacob M. Schlesinger in your May I issue was recently called to my attention. In the story, Mr. Schlesinger refers to the press conference held at Suffolk University at which a study by the Massachusetts Higher Education Assistance Corporation, "Higher Education in Massachusetts: A Study of Enrollment and Financial Aid Requirements For Its Support" was released.

In paragraph 9 of your story, there is a sentence that may be misleading to your readers: "Nothing that students are expected to pay back $15 in aid for every $1 they are given, he (the president of Suffolk University) portrayed the dire economic burden of debt."

In commenting, at the press conference, on the 15-to 1 loan to grant ratio in Massachusetts, which was identified in the study. I was referring to the ratio of the dollar value of guaranteed loans to state scholarships in Massachusetts. It is not the case that "students are expected to pay back $15 for every $1 they are given. "It is the case according to the Massachusetts Higher Education Assistance Corporation, that Massachusetts students, on the whole, borrow $15 for every $1 available in Massachusetts State Scholarships.

The report observes that the lost-to-grant ratio is much lower in other states. The ratio of value of guaranteed loans to state scholarships is 4-to-1 in Vermont, Pennsylvania, and New Jersey, and 3-to-1 in New York, according to the report. For this reason, the report recommends that the State Scholarship Program be increased by $10 million a year to reach a minimum of $65 million by 1986-1987. Daniel H. Periman   President, Suffolk University

Want to keep up with breaking news? Subscribe to our email newsletter.

Tags