Boston Globe-Article About Merit Aid

WS17
Mon, 12 Mar 2007 23:06:34 +0000

The financial bottom line of colleges outside the top 20 can be helped by offering merit aid. Eg it’s beneficial to have 4 enrolled students paying say 85% of the list price through minor merit awards, than not having those 4 students at all. This income makes it easier for the college to carry other students on financial aid. The top 20 colleges have so many applicants that they can enroll enough full payers to carry FA students. Even the top 20 type schools have about 50% of all students paying full price.

Not all schools can enjoy the advantages of being located in wildly popular suburban Boston as does Tufts.