In a continuing series this week regarding university president's compensation, high tuition at top colleges/universities comes an article in today's Inside Higher Ed by Donald E. Heller regarding cutting financial aid to wealthy students.
In the space of several months in late 2007 and early 2008, Harvard, Yale and several other highly selective universities enriched their financial aid programs to guarantee that students from families well up the economic ladder would get sizable grants to attend their institutions. The announcements, which came as the country's wealthiest universities were under Congressional pressure to spend more from their endowments, helped to quiet that criticism and won applause in many circles.
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