Word: outright
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...argument for getting tickets early to an Ex show, this was also it. The last tickets for this weekend were given out by last weekend. The current waiting list is rumored to be approaching the one hundred mark. Getting to the show this weekend may require theft, bribery, or outright murder. Sweeney would approve...
...feel free to raise their tuitions even higher. Wealthy parents will be able to borrow at bargain rates. Poorer parents, meanwhile, may be tempted to borrow more than they ever expect to repay; the default rate on government-backed loans is roughly 22% and bound to rise. As for outright federal grants, many more families will be eligible. But Congress has not set aside enough money to cover everyone and so is cutting the maximum grant amount. Neither the states nor the colleges themselves have enough money to make up the difference...
...unlike financial experts, she views colleges more as charitable institutions than as businesses. "It's wrong for us who have an education and who have all the privileges to teach each other how to cheat," she says. Her harsh analogy is not to income-tax advice but to outright theft. "It's easy for a lot of people to condemn youngsters who walk into stores that have been blasted open and take things that don't belong to them. Everyone calls that looting, and it's certainly illegal and not appropriate. But when people with $350,000 incomes shelter that...
...calculating asset and need data that colleges use in making their own local aid decisions. From here on, parents will have to fill out separate federal forms and FAFs, and perhaps other applications to specific colleges. The colleges use the forms to help construct an offer that combines outright grants with low-interest loans and work-study jobs. They take into consideration the cost of the college, whether the parents have other children in school and unusually high medical bills...
...financial-aid feuds, however, are born not of downward mobility so much as rising expectations. Lehigh University president Peter Likins notes that many moderately wealthy families think they are middle class and entitled to outright grants. Due to the school's particular pool of applicants, "at Lehigh we have more kids on financial aid from families earning more than $75,000 than from families earning less than $15,000." No longer able to depend on Washington to shoulder a bigger burden of aid costs, Lehigh has been forced to increase its contributions from $2 million to $18 million over...