Article: News and Views: Harvard College Revises Its Financial Aid Grants; Poor Blacks and Relatively Affluent Whites Claim the Same Added Dollar Benefit

News and Views: Harvard College Revises Its Financial Aid Grants; Poor Blacks and Relatively Affluent; Whites Claim the Same Added Dollar Benefit

Last spring Princeton University embarked on an audacious strategic move in its financial aid program.(*) Under Princeton's new aid rules, students whose families make under $40,000 will no longer be required to take out student loans. Their tuition costs will be entirely paid for by financial aid grants. Students whose families make between $40,000 and $57,500 will have to take on smaller loans than has been the case in the past. Families with incomes of less than $90,000 will no longer have the equity in their homes counted as a financial asset ...

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