A big-picture perspective on aid

Evan Goldstein of the Chronicle of Higher Education writes:

The Chronicle’s recent financial aid story stems from an analysis we conducted of federal Pell Grant data for the 2004-5 academic year that shows that just 14 percent, on average, of the undergraduates at the country’s 59 richest private colleges were Pell Grant recipients. On the flagship campuses of the 31 best-endowed public universities, they made up 20 percent. That’s
compared with nearly one-third of students at all four-year public and private colleges.

It seems that colleges with the most money do a poor job serving students with the least.

Some of the questions raised by these findings:

In the last few years, some two dozen top public and private colleges have announced efforts to expand financial aid, but is that enough? How can colleges identify and recruit high-achieving applicants from low-income families — particularly public universities with mandates to
draw substantial numbers of students from within the state? How can they help needy students acclimate to a campus culture that may be very different from what the students are used to?

And what is at stake in those programs? Does it matter if impoverished students do not attend expensive colleges?

You can read the two pieces here

http://chronicle.com/free/v52/i36/36a00101.htm

http://chronicle.com/free/v52/i36/36a01601.htm

In addition, The Chronicle will be hosting an online discussion on Wednesday, May 10, at noon Eastern Time about these issues with special guest Anthony W. Marx of Amherst College. The colloquy is free and open to the public and questions can be submitted in advance. For all
relevant information please visit
http://chronicle.com/colloquy/2006/05/rich/chat.php3.

If you have any means of spreading word of this chat please feel free to do so.

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Posted on June 30, 2006, in finaid, parent of senior. Bookmark the permalink. Leave a comment.

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