{ I was counting the days until this happened. Didn't last two years.
Things like Harvard waiving tuition for needy students should be some
kind of indicator of an economic peak that is about to come tumbling
down. I was surprised they even did it all - maybe it had to do with
top students not choosing the US right away as in years previous. }
http://www.nytimes.com/2009/12/03/education/03harvard.html
Harvard Law School Suspends Program Giving Students Free Tuition
By TAMAR LEWIN
Published: December 2, 2009
Less than two years after announcing that it would waive tuition for
third-year students who pledge to spend five years working for
nonprofit organizations or for the government, Harvard Law School is
suspending the program — in part because almost twice as many students
as expected signed up.
Almost twice as many Harvard students, shown in the law library,
signed up as expected, leading in part to the suspension.
“This was always an experiment and just one of many ways we were
trying to encourage students to explore public interest careers,” said
Martha Minow, the dean of the law school, adding, “What we found is
that we had less trouble than we thought encouraging that.”
But the recession was also a factor. “It’s really a function of the
endowment going down drastically,” said Robb London, the law school’s
assistant dean for communications.
Harvard’s endowment declined 27 percent between June 2008 and June
2009, falling to $26 billion, and the university has adopted a number
of cost-cutting moves. In fact, on Tuesday, Harvard’s largest
division, the Faculty of Arts and Sciences, announced a voluntary
retirement plan for professors. Other schools will offer similar
packages in the near future.
[...]
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