Word: need-blind
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Some universities—such as Tufts, which suspended its need-blind admissions policy this year—are not in a position to pledge the same level of financial support at this time, meaning that Harvard and wealthier institutions find themselves ahead of the pack in the race to pluck the strongest students from all backgrounds...
...hope that, across the board, colleges that are strapped for cash think before reducing financial-aid programs and that schools with need-blind admissions policies remain that way. Universities lose more than just individual students when they admit wealthy applicants above equally or more qualified, but less affluent, students. Higher education should not be a business—when schools start evaluating their core priorities in this regard, their intellectual integrity suffers. There is a fine line between keeping a school alive to educate another day and doing long-term damage to its commitment to meritocracy...
...Ph.D. programs rose by approximately 12 percent this year. Yet in spite of the fiscal crisis, Dean Smith, President Drew G. Faust, and GSAS administrative officials said that they are committed to maintaining their support for the University’s graduate students, whom the University admits on a need-blind basis. “We thought it was crucial to assure students who were already here that their fellowships would be absolutely guaranteed,” Brandt said, adding that GSAS guarantees every doctoral student a 5-year financial support package. In addition, although GSAS plans to effectively shrink...
...models should be instituted at undergraduate institutions. Elite colleges with large endowments have already taken measures to address the problem of student debt by moving from student loans to student grants in 1998—an initiative led by Princeton. Consequently, Princeton and Harvard, as two of the few need-blind institutions, no longer have many students graduating with large debts. However, student loans are the only form of financial aid available for hundreds of other American colleges, where students continue to graduate with an exorbitant amount of debt. In fact, between 1997 and 2002, the average undergraduate debt rose...
...package,” public relations officer Genevieve Haas said. Haas cited the switch from student loans to grants and the elimination of tuition for families with annual incomes below $75,000 as a reason for the jump in applications. She also noted that Dartmouth also switched to need-blind admissions for international students. Likewise, Stanford hopes new financial measures “should enable [the university] to attract an even more socio-economically diverse freshman class,” said Dean of Admissions Richard H. Shaw in a press release last week. —Staff writer Alexandra Perloff...