News
Cambridge Residents Slam Council Proposal to Delay Bike Lane Construction
News
‘Gender-Affirming Slay Fest’: Harvard College QSA Hosts Annual Queer Prom
News
‘Not Being Nerds’: Harvard Students Dance to Tinashe at Yardfest
News
Wrongful Death Trial Against CAMHS Employee Over 2015 Student Suicide To Begin Tuesday
News
Cornel West, Harvard Affiliates Call for University to Divest from ‘Israeli Apartheid’ at Rally
The federal government's Office of Education will allocate approximately $181,000 at Radcliffe's '78-'79 National Direct Student Loan (NDSL) program, a 150 per cent increase over last year's grant, Martha C. Lyman, acting director of financial aid, said yesterday.
Last year's grant of $74,000 was "smaller than usual" because the Financial Aid Office underspent NDSL funds in '76-'77, Lyman added.
In the NDSL program, students receive loans without interest while in college and then pay three per cent interest after graduation.
"We received more money for '79-'80 because we demonstrated in our financial profile that the money would be well spent because we have more women this year," Lyman said.
Why?
The increase in funds will not increase the number of loans to Radcliffe students. "We've always had plenty of money, it just means that more students will be able to get these three per cent loans," R. Jerrold Gibson '51, director of the office of fiscal services, said yesterday.
Radcliffe matches one-ninth of the NDSL funds allotted by the government and channels repaid NDSL loans back into the program.
Want to keep up with breaking news? Subscribe to our email newsletter.