More Financial Need, Less Student Aid

The economic downturn has shrunk college endowments creating financial pressures for colleges.

Some colleges are responding to the financial downturn by changing their financial aid policies in ways that raise costs for wealthier families.  Other colleges are adjusting “need-blind” admissions policies and admitting fewer students who cannot afford to pay full tuition.   A shift to “need aware” policies grants admissions advantage to students from affluent families.

Just when more students than ever need financial aid, schools are having a harder time providing it.

Read More:

Cash-Strapped Colleges Shift Admission Policies

What to Do as Colleges Cut Back on Financial Aid 

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