May 4, 2001
Rules on Use of Student-Aid Funds Upset College Officials
'Last dollar' requirement said to limit institutions' flexibility
College officials remain uneasy and angry about rules attached in the last two years to some federal financial-aid programs that dictate how institutions must allocate money to students. They argue that those demands could hurt needy students and put at legal risk any institutions that make even well-intentioned decisions to deviate from the rules.
College lobbyists and financial-aid officials also say the rules
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