College Finance
Harvard Affiliates Troubled by Biden’s Stance on Student Loan Debt
Harvard students reacted with disappointment and frustration after President Joe Biden said on Feb. 16 he would not forgive more than $10,000 in federal student loan debt per borrower, singling out Harvard as an institution whose students did not require debt relief.
Will Joe Biden Deliver on His Promises to Alleviate Student Loan Debt?
President-elect Joe Biden pledged multiple times on the campaign trail to alleviate debt. Many of Biden’s supporters, however, remain skeptical as to whether the incoming administration will deliver on its promise to alleviate the financial anxiety facing millions of Americans.
Harvard Will Not Apply For Federal Aid From Second Coronavirus Stimulus Package
Harvard will not apply for federal aid from the latest Congressional Covid-19 stimulus package, University spokesperson Jason A. Newton wrote in a statement Monday.
After a Rocky Year, Harvard Faces an Uncertain Economic Climate in 2021, Hollister Says
After a turbulent year for the University and its finances, Harvard is set to grapple with an uncertain economic outlook in 2021, University Vice President for Finances Thomas J. Hollister said in an interview with The Crimson Thursday.
As Coronavirus Tanks Economy, Job-Seeking Seniors Face Twin Crises
For seniors set to graduate, the coronavirus has rapidly changed where and how they expected to live, work, and build a career. In a matter of months, the global health crisis has flummoxed both members of the class of 2020 and the Harvard officials tasked with guiding them.
UC Funds Printing and Laundry Stipends for Some SEF-Eligible Students
The UC voted to allocate $10,000 to fund printing and laundry for Student Events Fund-eligible students and another $10,000 to fund Wintersession grants at its general meeting Sunday.
GSC Meeting
The Harvard Graduate Student Council discusses the recent Financial Wellness Survey conducted among the student body Wednesday evening.
Harvard-Smithsonian Center for Astrophysics
The Harvard-Smithsonian Center for Astrophysics where researchers worked to produced the first ever picture of a black hole.
Ahead of Commencement, Divestment Organizers Call on Alumni to Suspend Donations to Harvard
Harvard fossil fuel and prison divestment activists launched pledges this week calling on alumni to withhold donations to the University until administrators concede to their demands.
Dean for Administration Says Harvard College Looking to Limit Spending
Harvard College is exploring ways to limit spending in preparation for a future fiscal downturn more than ten years after the 2008 financial crisis hit the University, College Dean for Administration Sheila C. Thimba said in an April 30 interview.
Following Activities Fee Increase, More Students Opt Out
Following the College’s decision last year to raise the student activities fee — an optional sum Harvard undergraduates pay as part of their enrollment costs — more students opted out of paying the fee this year.
Nearly Half of Harvard’s Annual Revenue Derived from Donors
Forty-five percent of Harvard’s annual revenue comes from donors — either as endowment returns or direct gifts — University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Wednesday.
Classroom to Table Program Again Cancelled Mid-Semester
Classroom to Table — a program that brings together undergraduates and their professors for College-subsidized fine dining in Harvard Square — has been cancelled mid-semester due to lack of funding for the third consecutive term.
For Third Consecutive Year, Classroom to Table Program Runs Out of Money
Classroom to Table — a popular College initiative that subsidizes fine dining for students and their professors in the Square — has run out of funding yet again.
UC Questions When to Pay for Student Events Under New Funding Structure
A recent update to the way the College funds student groups has left the Undergraduate Council with more money than ever before. But it has also sparked disagreements within the body over when it should fund student events.
Classroom to Table Program Returns With 'Limited' Funding
The popular “Classroom to Table” program — a College initiative that funds meals between undergraduates and faculty members around Harvard Square — re-opened its registration portal for the fall 2018 semester this past Monday.
Undergraduate Council's Annual Budget Increases By More Than One-Third
The $650,000 budget — which will likely be given the final nod by administrators in the coming days — will provide the Council with a roughly 34 percent increase in revenue from last year.
Faculty of Arts and Sciences Ends FY 2018 with $3.1 Million Surplus
Following at least four years of budget deficits, The Faculty of Arts and Sciences ended fiscal year 2018 with a $3.1 million surplus, according to the Dean’s annual report.
‘Asking For More’: Student Group Funding at Harvard College
As the number of recognized student groups on campus has spiked, funding has failed to keep pace. Now, the College is upping the student activities fee from $75 to $200.
Classroom to Table Shuts Down After Reaching Funding Limit
The closure comes shortly after the initiative announced new restrictions for the spring 2018 semester.
Harvard College Enrollment Costs Rise 3 Percent for 2018-2019
The cost of attendance for Harvard College will be $67,580 for the 2018-2019 academic year, an increase of about 3 percent—or $1,971—from the previous year.
UC Expands Bicycle Subsidy Program
The UC voted Sunday to expand its new bicycle subsidy program after close to 200 students signed up for the program in under one week.
HCFA
UC Finance Committee (Chair: Henry Atkins) votes to amend resolution regarding HCFA funding. Passed 8-2.
UC Finance Committee Recommends Legislation to Ban Funding for HCFA
The UC finance committee voted to recommend legislation that would bar religious group Harvard College Faith and Action from all Council funding.
Republican Tax Plan Could Mean Added Business Income Tax for Harvard
Hidden in the Tax Cuts and Jobs Act passed last year is a change in the way taxes are calculated for nonprofits that could lead to increased expenses for Harvard.