How Colleges Are Pushing Out the Poor To Court the Rich

An anonymous reader writes "A change from 'need' based financial aid to a 'merit' based system coupled with a 'high tuition, high aid,' model is making it harder for poor students to afford college. According to The Atlantic: 'Sometimes, colleges (and states) really are just competing to outbid each other on star students. But there are also economic incentives at play, particularly for small, endowment-poor institutions. "After all," Burd writes, "it's more profitable for schools to provide four scholarships of $5,000 each to induce affluent students who will be able to pay the balance than it is to provide a single $20,000 grant to one low-income student." The study notes that, according to the Department of Education's most recent study, 19 percent of undergrads at four-year colleges received merit aid despite scoring under 700 on the SAT. Their only merit, in some cases, might well have been mom and dad's bank account.'"

Comments

Re:Q&A

[quickcup]

Okay, you pay for it.

Re:Goodbye

[AK Marc]

Hey if you like Venezuela so much, why don't you fucking move there. This is the US, not some other fucking foreign country. That's the great thing about having freedom, you have th freedom to get the fuck out.

Libertarian: A person who encourages everyone to move away from them, and tries to ban anyone from moving near them. Libertarian is the party of misanthropes.