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Recession Hits Student PocketbookNovember, 2002 THE ECONOMIC DOWNTURN led to a record need for financial aid among MBA students this year, according to financial aid director Colleen MacDonald, who estimates she will provide $4.3 million to MBA students, up from a record $3.9 million in 2001–02. During the 1998–99 academic year, when the economy was much better, the School awarded $2.2 million in MBA fellowships. The proportion of students receiving aid has not changed that much, MacDonald said, but more of them have a need that is clustered around the mean, this year at $11,787. About half of MBA students qualify for fellowship assistance, and 69 percent apply for loans through the financial aid office. |
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Recession Hits Student Pocketbook
