October 28, 2005

Redistributing Student Aid

By KELLY FIELD

THE HIGHER EDUCATION ACT REAUTHORIZATION

Proposal to update formula for federal programs would hit older colleges hard

At Wilberforce University, a 1,079-student college tucked into the cornfields of southwestern Ohio, the buildings are festooned with green and yellow banners commemorating the institution's sesquicentennial.

The university has reason to celebrate: After years of red ink, it is back in the black, thanks to a financial plan that has slashed administrative

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