08/03/2009 05:12 am ET Updated May 25, 2011

Harvard Adjusts To Leaner Times: Vanity Fair

For years, administrators at Harvard University could throw money at anything that tickled their fancy. A new medical school building for $260 million? Sure. A massive, Robert A.M. Stern--designed addition to Harvard Law School? No problem. One of the most sweeping financial aid initiatives ever undertaken? Consider it done.

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