Tuition Aid For Middle-Class At Elite Schools Could Have Downside

The most selective schools have been steadily raising their tuition. Until now they've been ignoring the rising volume of complaints from middle-class parents who say that tuition, room and board at an elite private college is too high. They've also been ignoring many enrollment specialists who have long warned that elite schools may soon have a two-tier student body: full-paying students from the top echelons of wealth and lower-income kids supported by generous financial aid packages. Then a small group of elite private colleges—including Yale, Pomona, Swarthmore and, most recently, Stanford—announced their own generous financial aid packages for the middle-income families.But economists say the effects may be far-reaching and not all together rosy. Read more at:
http://www.newsweek.com/id/118827