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Aiding Students, Buying Students: Financial Aid in America by Rupert Wilkinson

By Rupert Wilkinson

From the 1st scholarship donated to Harvard in 1643 to state-of-the-art international of "enrollment administration" and federal offers and loans, the writer provides a full of life social and financial historical past of the conflicting reasons of scholar reduction and makes proposals for the long run. His examine for this e-book relies on data and interviews at 131 private and non-private associations around the United States.In the phrases of Joe Paul Case, Dean and Director of economic reduction, Amherst collage, "Wilkinson has mined the records of dozens of associations to create a mosaic that info the development of pupil the help of the seventeenth century to the current. He supplies specific awareness to the origins of need-based tips, from the charitable benevolence of early faculties to the regulation-laden rules of the government. He offers due attention to institutional motive--he demanding situations the egalitarian platitudes of prosperous schools and questions the countervailing marketplace and financial forces which may imperil need-based relief at much less aggressive associations. via drawing on ratings of private interviews and exchanges of correspondence with relief practitioners, Wilkinson fleshes out fresh a long time, supporting the reader to appreciate new tendencies within the provision of aid."

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Extra resources for Aiding Students, Buying Students: Financial Aid in America

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Chapter 9 describes how elite colleges compromised with these forces while trying to roll them back. Setting the Record Straight 27 Part III, a concluding essay, sees student aid as an evolving social and political system, with weaknesses but also possibilities for the future. It ends by proposing government and campus action that will make advantaged institutions more open to disadvantaged people—not by stepping outside history but by tapping into past experience. 2 Aid in History: Who Got It, What Shaped It The Reach of Student Aid The history of the reach of student aid involves two sets of questions.

In the expanding big cities of the early twentieth century, demand surged for local colleges—but many colleges were not located in big cities. The result is that through most of American history, college capacity exceeded demand. This was particularly important for colleges that did not enjoy fat endowments or state subsidies. 18 The link between precarious enrollments and financial aid has continued into our own time. In the late 1980s and 1990s, more than half of public four-year colleges and some 60 percent of private ones accepted at least three in four of their applicants.

They would, likewise, produce a less diverse student body, socially and racially. 34 Aid-supported diversity, in other words, is not just an ideological and educational value; it has become a market asset too. For a nationally visible college to look too socially exclusive or “lily white” would, over the long term, be to risk economic punishment as well as political opprobrium. In their own way, top colleges are part of a market system. Private and Public In spite of the market element, much of the aid deployed by private colleges comes from government.

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