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College Financial Aid Isn't Going to the Neediest

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Replies to: College Financial Aid Isn't Going to the Neediest

  • vonlostvonlost Super Moderator Posts: 22
    edited May 2013
    "Don't students who have top scores and GPAs deserve as much aid as anyone else?"

    The problem is that those getting merit money are taking aid away from poor students with those same top scores and GPAs. The better-off students get money they don't need (according to standard financial aid formulas) which shuts the poor students out.
  • LakeCloudsLakeClouds Posts: 49
    edited May 2013
    The problem is that those getting merit money are taking aid away from poor students with those same top scores and GPAs

    Most colleges I've seen selectively offer merit aid to only the top 10-20% of the students at the school. The lower 80% either get needs-aid or pay full freight, with some overlapping in the top group. Schools don't offer merit aid to those in the lower part of the class. This allows schools to attract better talent who otherwise would go to a higher ranked school.
  • vonlostvonlost Super Moderator Posts: 22
    edited May 2013
    Any merit money takes funds from the financial aid budget, to the detriment of poor students.
  • LakeCloudsLakeClouds Posts: 49
    edited May 2013
    Any merit money takes funds from the financial aid budget, to the detriment of poor students.

    That's your opinion. I could also say that any money spent on building maintenance, research support, faculty salaries, etc. takes funds from the financial aid budget, to the detriment of poor students. Schools decide how to spend their money and spending on merit aid is a wise choice for schools that want better qualified students.
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