Word: pelle
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...Let’s face it, out of all the universities in the country, Harvard has more market power than any other. If it really wanted to, it could steal some of those Pell Grant recipients from other universities,” Heller says. “If Larry Summers woke up tomorrow and said, ‘This is what we’re going to spend the next ten years on—moving the number of Pell Grant recipients at Harvard,’ I guarantee that Harvard could do that...
...Harvard were to move its Pell percentages up to, say, those of Amherst College it would have to admit fully 649 more low-income students...
That move would shift Harvard’s total Pell number from about 600 to about 1,000, and would carry a steep price. Not counting the tuition losses Harvard would incur by pushing out better-off students, and subtracting out the amount in Pell money these students would receive, Harvard would have to tote a bill of about $14 million in grants to pay for these students’ aid, according to numbers provided by Donahue...
...raised Princeton’s low-income population “substantially,” but he would not say by how much. Still, in the 2001-02 academic year, Princeton remained the least economically diverse school in the Ivy League, with only seven percent of its students receiving Pell Grants...
Even in the eyes of its toughest critics, Harvard is not the lone offender. Plenty of schools have just as little economic diversity, as measured by Pell Grant percentages. In fact, some criticize other schools in the Ivy League even more...