Dartmouth has some new policies for financial aid:
1. Free tuition for students who come from families with annual incomes below $75,000
2. Replacing loans with scholarships
3. Need-blind admissions for international students
4. Junior leave term with no earnings expectation
Cornell probably cannot afford to do so at this point. Dartmouth recently reached the $1 billion mark in donations and reached their goal, plus dartmouth has always had the largest (i believe) endowment in the ivy league outside of the big three.
cornell should (hopefully) be doing something soon enough...i'd say within two years. i see a big jump in endowment at the end of 2008 (returns on the endowment are already pretty nice, and cornell has just raised $2 billion out of $4 billion for its capital campaign). the only question now is what this something is going to be?
Last edited by mrsopresident; 01-30-2008 at 12:30 PM.
So, due in part to the massive amount of money raised by the Far Above campaign, Skorton told us tonight that some big, “robust” changes were being made to Cornell’s financial aid program. Details are going to be released to the Sun in the next 48 hours.