As more colleges and universities face reducing endowments and students who need more financial aid than ever before, favor is beginning to fall to applicants who can pay their own way, in full. These institutions are suppose to remain “need-blind,” not taking in to account a student’s financial position, however, they are skirting around this by accepting more transfer or foreign students who are ready to sign a check.
“If you are a student of means or ability, or both, there has never been a better year,” Robert A. Sevier, an enrollment consultant to colleges, told the New York Times.
Parents have noticed, and they are bypassing any aid applications they might be eligible for to ensure their child has a seat on campus next semester.
More on this story at New York Times.