Sandralala

College Financial-aids

Posted on: July 3, 2008

It looks like colleges are trying to provide ‘equal opportunity’ to all students. According to New York Times, America’s top universities are competitive about giving more financial aid to students whose households have low incomes. This ‘war’ among the colleges started  back in 2003 when University of North Carolina introduced its new financial aid program. Here is an excerpt from New York Times article written by David Leonhardt:

“in less than five years, the entire tuition and financial aid system at the nation’s top colleges has been overhauled. Today, it looks a lot like a highly progressive tax code, in which the affluent are bearing an enormous share of the overall tuition burden.  No matter how high the published cost — almost $50,000, typically — these top universities have become significantly more affordable for the majority of students.”

Increased financial aid seems to be beneficial for both the college administration and the applying students. The schools have better chance to get students from low-income households but with great talent. Meanwhile, the students are now free of concerns about affording the high tuition.

So, if you are a talented student but worried about expensive cost for schools, don’t worry because colleges are putting in efforts to make sure money is not the issue for you when applying for schools. 🙂

*Here is the link to the article that I mentioned

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  • Alice: Very insightful. I shall take your advice :]
  • Mr WordPress: Hi, this is a comment.To delete a comment, just log in, and view the posts' comments, there you will have the option to edit or delete them.

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