The Economy Affects College Enrollments and Admissions Strategies

An excellent article from the Baltimore Sun analyzes the way in which colleges are reacting to the economic downturn.  Here are some of the trends. More private colleges are turning to their waiting lists to fill their classes. More families are making deposits accepting admission to more then one institution, then bargaining hard for financial […]

The Low Cost of College Tuition

The New York Times published an article today that provides a comprehensive look at the colleges that have been moving swiftly to lower their tuition rates for lower income and middle class families. Primarily, the colleges that are making these price reductions are the more wealthy, upper-tier institutions. But the article points out, as I […]

Claremont-McKenna and Lafayette: Changes in Financial Aid

Two more colleges have readjusted their financial aid policies in the wake of Harvard’s decision to woo the middle classes by offering richer aid packages (which I wrote about here). The changes were reported in Inside Higher Ed: Two more colleges have joined the growing number pledging to eliminate loans for low-income students. Claremont McKenna […]

Columbia Joins the Bandwagon and Changes Financial Aid Policies

Columbia University announced today that it was joining its Ivy League sister institutions in revamping its financial aid policies to make the University more affordable for the middle class. Families with incomes of less than $60,000 will pay nothing. Families with incomes of less than $100,000 will see a significant increase in the amount of […]

College is an Investment: Choose Wisely

If you’re like most parents, you’ve begun saving money for college. You know what a huge investment college can be. But have you thought about about the investment in choosing the right college? Consider these facts: A college education is the biggest investment a family will make, aside from a home. The cost of attending […]

Which College to Choose? Follow the Money! (or, the Road To Rhodes)

As I explained in a previous post, I recently asked a group of friends and acquaintances about their experiences in selecting a college or university. Below, a graduate of Rhodes University in Memphis recounts how she chose her college. “I followed the money. When looking at schools, I sought out schools that had good reputations […]

Bowdoin College Eliminates Loans from Financial Aid Packages

Bowdoin College announced that it has joined the ranks of colleges that have eliminated loans from their financial aid packages. These loans are being replaced by outright grants (or need-based scholarships) to its current and incoming students. It is the first college with an endowment of under $1 billion. Others that have made similar announcements […]

Dartmouth College Revamps Financial Aid

In the wake of similar moves by its sister institutions in the Ivy League, Dartmouth announced today several major enhancements to its financial aid program. First, it will offer free tuition to families with income below $75,000. Second, it will replace all loans with scholarships or grants. Third, it will extend need-blind admissions to international […]

Harvard Announces Tuition Break for Middle Class

Harvard University announced today that it is restructuring its financial aid packages to provide more assistance to middle class families. With the price of tuition at elite private colleges continuing to skyrocket, more and more middle income families are feeling the pain of hefty price tags. A college education today can cost more than many […]

Congress Seeks Expanding Role in Controlling College Tuition Increases

An article today in Inside Higher Ed announces that the House Education and Labor Committee released draft legislation to more closely monitor and control skyrocketing tuition increases at state institutions of higher learning. You should read the entire article, but here’s a quick excerpt: The expanded federal role is clearest in the realm of college […]