The latest news on financial aid and student loan debt contains both the positive and the negative. https://www.collegeconfidential.com/articles/financial-aid-vs-student-debt-news-you-can-use/
It does not seem to be any new information, except the John Hopkins jumbo donation, but
that school is so small, that really does not make a dent, unless OTHER billionaires also give to bigger public schools.
The problem in Colorado is that Coloradoans can attend U of Wyoming or Kansas schools for less than they pay
for U of Colorado Boulder. We have a new governor who may motivate us to change that. Georgia has the Zell Miller awards for smart Georgia kids, they can all go to the public GA schools tuition free, and they can get that same amount applied to privates like Emory, which cost more. They have to maintain a high GPA to keep a Zell Miller
but the award can last up to six years. Georgia is really giving students a LOT of money for college! . Other states offer FREE two years of community college, like Tennessee, and Washington State and New York State now has a program to make SUNY very affordable, although it was always very affordable if you ask me.
The article misleads I think because fewer and fewer students are going into debt, given all the newer free options in many states. I don’t see a reason to go to a private school anymore, in fact, given these programs.
There is also a newer program at many universities, search A. James and Alice B Clark Foundation grants.
U of Maryland, U of Penn and many other public and privates benefited. While Bloomberg gave an astronomical 1.8 billion, I think the key will be to get money to large public programs to have an impact, NOT just Johns Hopkins.
Still its very nice for a few kids who get into JHU.
Here is a review of where students can go to college tuition FREE, its getting to be a very big list!
https://money.cnn.com/2017/05/16/pf/college/states-tuition-free-college/index.html
Bernie Sanders forgot to mention this, just how many states already offer tuition free college.
I like this model better than Bloombergs, private dollars funding public universities, see A. James Clark Foundation.
https://www.insidephilanthropy.com/home/2017/11/27/james-clark-foundation-university-maryland-gift
If more donors give to PUBLIC universities, that will really help students much more than what Bloomberg just did.
But if people copy cat Bloomberg, thats good too.
I don’t think Bloomberg is correct on this. I believe all but a few don’t consider ability to pay in admissions, at least before the waitlist round.
Yes, there’re a lot of colleges that are need blind, but most of them don’t meet full need. Most of the colleges that meet full need, on the other hand, are need aware. Colleges that are both need blind and meet full need are a tiny fraction.
About three-quarters of US students attend need-blind non-full-need state colleges.