These deals apparently generate about $500,000 per year for the university, which (poor baby) saw its endowment decline by 30% last year. And that money goes to financial aid, so we're not supposed to worry that Harvard's being greedy.
And that's the main issue the reporter tackles--whether the decision to say yes to a clothing line that portrays an elite undergraduate student body conflicts with Harvard's stated goals of expanding diversity. Whether the money raised is enough to cover the additional costs associated with outreach. The "damage" done.
Well, of course it's not! Image, we all know, is everything-- especially when it comes to those families who rely on media for information in the absence of more informed sources. Harvard's biggest obstacles to bringing in more students from disadvantaged backgrounds are: (1) image; (2) cost of attendance; and (3) admissions requirements. The school is trying to conquer the second one with financial aid, by promising to cover all demonstrated need. That sounds great, but the fact is that the number of admitted students with tremendous financial need isn't very substantial-- if it were, the amount of money required to fulfill that promise would be much more foreboding.
The really poor kids just aren't applying in large numbers to Harvard and that won't change unless it becomes a place that doesn't scream "money, money, money" so loudly to everyone who's ever heard of it. The message that "aid is available, costs are covered" is a good one. But it doesn't neatly translate to "I'll be able to afford to go and enjoy myself and fit in with these kids."
Will TV commercials and print ads featuring Harvard blue bloods generate enough revenue to pay for some more scholarships? Definitely. Will that even begin to offset the damage done by further demonstrations of the internal inconsistencies and contradictions associated with a place that simultaneously wants to do good and yet be the very best? Is anyone seeing those ads (or not seeing them) buying that Harvard's really now open to kids wearing WalMart t-shirts? No way.
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