Aid policies being changed in wake of Asian crisis

To the Editor:

March 6, 1998:

Last week’s letter from SungHwan Kim ’00 was correct in pointing out that it took some time for the college to decide how best to respond to rapidly moving changes in several Asian economies and how they might affect our students from those countries.

These are complicated decisions that could have long-term implications for the College’s financial aid program. Meanwhile, the situation for those economies remains unsettled.

Let me report, though, that in addition to the special payment and loan programs for these students that were referred to in the Record article of Feb. 24, it is now the case that students hit by the Asian economic turmoil will indeed be able to apply for financial aid and have their situations handled similarly to those students from the United States.

Philip G. Wick

Director of Financial Aid