Dubai Debt Issues Push Stocks Down
Family Gets Early Christmas Gift From Ellen DeGeneres
Photos of D Train Murder Depict Bloody Panic
Mayor: Sex Trafficking Victims, Please Speak Up
Stuy Pyro Leaves Notes In Hieroglyphics
Columbia University has a new financial aid plan for undergraduate students whose families make between $60,000-100,000. Following in the footsteps of other Ivy League schools, they will significantly expand the aid currently offered to lower and middle income students. The VP of Arts and Sciences Nicholas Dirks said, “Our new financial aid policies reflect a more realistic view of the challenges that lower- and middle-income families face in paying for college.”
The new plan will have grants replacing loans (even students who currently have loans will be included in this). Families making $60K or less (it's currently $50K) will no longer pay tuition, room and board or fees starting in Fall 2008, and families making between $60K and $100K will also have expanded aid (though specifics are unclear at this time).
Officials at the university have said "the increased aid will be financed by annual gifts, new fund-raising and an increase in spending from the university’s endowment." The BWOG links to a page comparing a school's current no-loan financial aid plans. One question: When will NYU expand its financial aid?
add to stumble upon
add to reddit
tweet this
post to facebook
so, if you're poor and can't get into an ivy, you still have to pay through the nose.
awesome.
When I adjuncted at NYU every student seemed to have a scholarship. It's one of those things like hotel or airline fares where the quoted price is simply not the real price. And, of course, every student getting less than a B would whine that they would lose their ride.
Sounds like a good start. Where was this when I went to college? :)
While it's true that many NYU students have scholarships, 10K-20K or so off of around 40 grand is hardly a bargain. In fact, it's completely unaffordable for most students/families. Hello monster loans.
A degree is Post-Colonial Ball-Busting and Ethnic Studies is now free? Why would anyone ever pay a cent for such a thing in the first place?
NYU is a cash machine, mostly through its real estate holdings.
If congress puts some real heat on them, hopefully they'd follow.
Hell, it might actually make them *seem* as prestigious as an ivy league school, even though its always been just a striver.