Middle-Income Families Grow More Dependent On Merit Aid To Afford College

Middle-income parents are being squeezed more than ever these days — higher property taxes and cost of living, lower home equity, frozen salaries. Many no longer have enough savings and borrowing power to keep up with rising education costs. Rather than lose bright students to less-expensive public colleges, universities like Tulane offer sizable amounts of aid based mainly on academic promise. Even public universities, despite state budget cuts, continue to offer merit aid to try to build an accomplished student body. Read more at:
http://www.nytimes.com/2012/07/22/education/edlife/a-rise-in-students-receiving-merit-awards.html?_r=1&partner=rss&emc=rss