Financial Aid Vs. Student Debt: News You Can Use

[twoinanddone]

When colleges review applications, all but a few consider a student’s ability to pay. As a result, high-achieving applicants from low- and middle-income families are routinely denied seats that are saved for students whose families have deeper pockets. This hurts the son of a farmer in Nebraska as much as the daughter of a working mother in Detroit.

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.