Word: aided
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...schools want more low-income students, a higher percentage of students who get grants instead of loans," says Morton Schapiro, president of Williams College and an economist who studies financial aid. "But they simply can't afford...
...keep up with the Ivies in this respect could end up being detrimental to less affluent schools. Michael McPherson, an economist and former president of Minnesota's Macalester College, warns that some may choose to increase class size or skip prestigious faculty hires in order to offer more generous aid packages. In the end, "they risk sacrificing quality to mimic the big boys," he says...
...loan-elimination program, Bowdoin will earmark approximately $22 million, or about 16%, of its $140 million operating budget. Claremont McKenna, which has 1,200 students, has said only that the school plans to increase its financial-aid-grant budget by $1 million...
...households making less than $40,000, compared with just 10% at Harvard or Yale. That means that replacing loans with grants at the California schools would cost significantly more. Add in political pressures to avoid increasing tuition and fees - a large percentage of which go to fund financial aid in California - and the idea of eliminating all loans is a nonstarter...
...least, a student whose family earns $90,000 would have to pay as little as $4,500 to go to Harvard but would get little to no financial aid to help cover Berkeley's annual cost of $25,000. A no-loan program "is not a sustainable solution for us," says Berkeley chancellor Robert Birgeneau, who is heading a task force charged with examining how to keep college affordable for all families in the state. "We'd likely not be able to help the poorest students as well down the line." (To see the evolution of the college dorm room...