The Atlantic: President Obama has called on colleges to increase low-income student enrollment, but for elite schools, committing to financial-aid students will lead to budget cuts and decreased revenue.
The Atlantic: President Obama has called on colleges to increase low-income student enrollment, but for elite schools, committing to financial-aid students will lead to budget cuts and decreased revenue.
Making a commitment to a financial-aid student not only requires committing a greater proportion of endowment dollars to grants; it also means forgoing the revenue that a full-paying student would bring in.
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