High-Tuition, Not-High-Enough Financial Aid
"A common line used by academic administrators and policymakers when colleges hike tuition is that there’s no real need to worry: scholarships will be available for the poor. That really high published price will apply only to the rich," Washington Monthly's College Guide reports. "But apparently the average college spends only $0.60 of every extra dollar in tuition for need based aid. The other $0.40? That’s going to merit scholarships. In other words, rich kids. In order to get a true picture of how this works out, of course, we’d have to look at public institutions (where the vast major of American colleges students are educated) too. But it doesn’t look very good. In fact, 'high-tuition, high-aid' is sort of deceptive. 'High-tuition, not high enough aid' would be more accurate. If you’re a low-income student trying to attend college, after all, it doesn’t help you much if your institution characterizes your financial aid as 'high'; it either does or does not make college affordable."
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