FAIR MONEY

Face to Face with Inequality

How Exactly Do Colleges Allocate Their Financial Aid? They Won’t Say.

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An article written by Marian Wang on Pro Publica poses the sticky question in the title above. To receive financial aid, a student and their family must undergo a thorough investigation into their financial lives. To quote from the article:

Many universities have access to comprehensive financial profiles, sometimes down to the type of cars a family drives. Some analyze patterns and interpret even the most subtle indicators from students, such as the order in which schools are listed on the federal financial-aid application, or even how long a student stays on the phone with an admissions officer.

However, information transfer is not a two-way street. Universities, even the most charitable, generally consider the metrics used to offer financial aid packages to be in the same category as state secrets. Again from the article:

Take Newman University, a Catholic liberal-arts college based in Kansas.

What are the actual criteria the college uses to determine who gets aid and how much?  “That’s proprietary information,” said Pam Johnson, Newman’s interim dean of admissions and financial aid. “It’s part of our competitive strategy.”

The full article is well worth your time.

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One thought on “How Exactly Do Colleges Allocate Their Financial Aid? They Won’t Say.

  1. hii Michael Scroggins, Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things. He gave it a chance. He even provided a first instalment of funds. Can you beat that? It’s so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.Money spent withdraws its charm.The wealthy seldom possess wealth: oftener they are possessed by it.Money in the hands of one or two men is like a dungheap in a barnyard. So long as it lies in a mass, it does no good; but, if it is only spread out evenly on the land, everything will grow.

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