Article: Harvard financial aid change may affect Penn

Ginny Dorsey
University Wire
09-23-1998
(Daily Pennsylvanian) (U-WIRE) PHILADELPHIA, Penn. -- Harvard University's long-awaited announcement last week that it was joining the elite-school race to increase student financial aid has drawn positive but cautious reaction from administrators at Penn -- which has yet to make its move.

When it comes to offering competitive financial aid packages to students, Harvard upped the ante in a big way. The Cambridge, Mass., school announced it will increase financial aid by an unprecedented 20 percent and throw in an extra $2,000 annual grant for all undergraduate financial aid recipients.

The race began last January when Princeton University announced ...

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