Word: need-blind
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With the current recession, more families are asking for financial aid, making the undergraduate aid budget under Harvard's need-blind admissions formula "larger than it otherwise would have been," Scott says...
...universities are beginning to confront tighter budgets, some say they will also face increased pressure to abandon their expensive need-blind admissions policies...
SOME CLAIM that ending overlap will sap academic programs, cut into faculty and staff salaries, force layoffs, threaten need-blind admissions, discourage growth. But no one really knows what the effects of competition will be, primarily because the people with access to the data are under investigation and are unwilling to talk. But most indications are that free market competition will benefit students and promote the colleges' academic missions...
...sympathetic to Mughogho's concern that access to information about American education be available to qualified applicants from the widest possible variety of backgrounds. Harvard and Radcliffe Colleges are among the very few institutions whose "need-blind" admissions policy applies as much to foreign students as it does to Americans...
Besides, how "need-blind" is an admissions policy that grants 20 percent of the places in each class to students admitted under the assumption that, hey, admitting them will be good for alumni contributions...