PriCom proposes larger aid awards
The Priorities Committee's proposal to increase University financial aid by $6 million over the next four years ? and the method by which it will be awarded ? would alter University practices and may change national higher-education procedure.The annual operating budget recommendations made by Provost Jeremiah Ostriker and PriCom to President Shapiro and the Board of Trustees at last Wednesday's U-Council meeting would change the structure of the financial-aid process in three significant ways.The plan would drastically decrease the weight placed on home equity in financial aid awards, package loans as grants to international students and may allow lower-income international students to attend the University.Proposed increases in financial aid will not extend to current students.