Yale Will Increase Spending From $22.5 Billion Fund (Update1)

<p><a href=“http://www.nytimes.com/2008/01/07/education/07cnd-yale.html[/url]”>http://www.nytimes.com/2008/01/07/education/07cnd-yale.html&lt;/a&gt;&lt;/p&gt;

<p>President Levin: “People are not going to be choosing between Yale and Harvard based on money.”</p>

<p>In other words, they are going to match or exceed Harvard’s financial aid move.</p>

<p>The new spending rule means that Yale will be spending a boatload of money on new academic programs, free tuition for art and drama students (they already made the unprecedented move of providing free tuition for music students a couple of years ago), and massive financial aid programs for undergraduates.</p>