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U.S. colleges using financial aid to lure rich students while shortchanging poor, report finds
May 9, 2013 /
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U.S. colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to take on heavy debt, a report found.
Almost two-thirds of private institutions require students from families making $30,000 or less annually to pay more than $15,000 a year, according to the report released today by the Washington-based New America Foundation.
By John Hechinger and Janet Lorin
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Posted in: Education News
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