(Newser) -
Even its $36.9 billion endowment (as of June, that is) won't protect Harvard, the nation's richest university, from feeling the effects of the financial crisis, its president said yesterday. Drew Faust said cost savings would be in order, though specific plans aren’t settled, the Harvard Crimson reports. One thing that won’t be affected, she said, is the university’s financial aid policy, which includes a commitment to eliminate tuition for families who earn less than $60,000.
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