Word: wesleyans
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Financial aid currently consumes about 8 percent of Wesleyan's budget. Matthews said, adding that the ceiling was set at 10 percent to delay any effects until next year's admissions cycle...
...Wesleyan is one of small minority of colleges--including Harvard and Swarthmore--that up till now have pursued a completely "aid-blind" admissions policy, under which they promise to spend as much money on aid as it necessary to let accepted applicants attend, Harvard and Wesleyan admissions officers said yesterday...
Most colleges, they added, have finite budgets for financial aid that make it impossible to fund needy applicants beyond a certain print. Harvard and Wesleyan, on the other hand, have the option off drawing on unrestricted funds--money from the College's general budget--to fulfill the goal of aid-blind admissions...
Under the approved plan, Claire Matthew, an admissions officer, said yesterday, Wesleyan will accept its class first according to merit, without considering financial need, and will then calculate how much money would be needed to fund all applicants fully, or "to need...
...Wesleyan's action sheds some light on the philosophical problems faced by colleges but will not directly affect Harvard approach to the dilermma of dwindling funds and rising id costs, L. Fred Jewett '57, dean of admissions and financial aid, said yesterday...