May 23, 2008
The New Student-Aid Landscape and College Admissions: a Report From the Trenches
The stage was set: Given all the changes that colleges have made in their financial-aid policies in recent months, the 2008 admissions season promised to be the most unpredictable ever. Harvard University's announcement in December that families with annual incomes as high as $180,000 would have to pay only 10 percent of their incomes toward tuition, and that it was replacing loans with grants, was perhaps the boldest move. It set in motion a chain reaction of institutional decisions that
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