Judging from this tiny sample, a huge (i.e., elite-sized) endowment doesn't seem to predict any higher proportion of Pell grant recipients. Makes one wonder where all the money is going? We know from recent headlines that HYP are raising the ceiling on debt-free financial aid to families with houseold incomes of $60,000 and below, but, there doesn't seem to be any enthusiasm among NESCAC colleges for making that jump. Davidson has announced something similar, but one wonders how that really will work? With a wink and a nod toward merit oriented scholarships, I suspect.
Which, to me, really begs the question, how large does an endowment have to be before it can be of practical value in making an elite private college attractive to blue collar families?
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4 comments:
"Nearly 60 percent of her classmates [at Yale] do not qualify for any financial aid, with family incomes at $120,000 a year or more."
Nearly 60 percent of Wesleyan students don't qualify for any financial aid...
I find that kind of intimidating, honestly.
anyone else notice that amhers's endowment is elite... heh
Judging from this tiny sample, a huge (i.e., elite-sized) endowment doesn't seem to predict any higher proportion of Pell grant recipients. Makes one wonder where all the money is going? We know from recent headlines that HYP are raising the ceiling on debt-free financial aid to families with houseold incomes of $60,000 and below, but, there doesn't seem to be any enthusiasm among NESCAC colleges for making that jump. Davidson has announced something similar, but one wonders how that really will work? With a wink and a nod toward merit oriented scholarships, I suspect.
Which, to me, really begs the question, how large does an endowment have to be before it can be of practical value in making an elite private college attractive to blue collar families?
(i think OR meant that it spelled out LEET (1337), not that it is literally elite)
(egg on yo face)
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