Colleges Shifting Aid From Poor to Rich

A new analysis of colleges' financial aid policies indicts American higher education not just for having turned its back on poor students, but for robbing them in order to woo rich students. The report, "Undermining Pell: How Colleges Compete for Wealthy Students and Leave the Low-Income Behind," was produced by the New American Foundation, whose chairman is Eric Schmidt, executive chairman of Google. "Pell" refers to Pell Grants--the federal program created to help poor students gain access...Full Story
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