3 Ways Harvard President Drew Faust Measures Colleges

"By 2015, the Obama administration will evaluate colleges on average tuition cost, low-income student enrollment, graduation rates and job earnings after graduation," Marketplace reports.

"When they released this proposal last year, the higher education community generally disagreed with their criteria. One strong critic is Drew Faust, the president at Harvard University. Here are some measurements she thinks are important to consider: …

Measurement: The percentage of students on financial aid.

Of course, she cites the stats from Harvard: They accepted 5.9 percent of the 24,294 applicants for the entering class of 2014, and Faust says they have expanded financial aid programs so that those select few can actually afford to enroll.

'We have a financial aid policy that supports 60 percent of our undergraduates,' she said. 'They pay an average of $12,000 a year.'

Faust also said that about 20 percent of Harvard's class makes no parental or family contribution at all."

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