You think it makes sense to offer aid in the first year that would then be cut by 60% in the second year?
Surely it would be fiscally more responsible to offer a substantially smaller aid package in year one than to reduce year two aid so dramatically?
I’d venture, if this were policy, alarming numbers of students wouldn’t return for year two, word would get out, applications would plummet, the college would soon be hurting financially.
OP. Like everyone else, I think you’re only getting part of the story.