| A lot of students have been feeling the financial pinch, with the recession looming and all. It's kind of a vicious cycle, because in bad economic times the college doesn't make as large of a profit from its endowment, so what it can offer in financial aid is curtailed. And it's during bad times that more families need every dollar in aid they can get, so they consider other options.
It's not a trend so much as a sign of the times. I know some Smithies are seriously considering whether they have the economic resources to continue with their degree. Things are tight right now for everyone. |