Colleges: Now Educating Richer Students for Less!

From the report "Promise Abandoned: How Policy Choices and Practices Restrict College Opportunities":

From 1999 to 2003, private colleges increased the average aid to students from families making less than $20,000 per year from $4,027 to $5,240, an increase of $1,213, or 30%.

During the same time period, private colleges increased the average aid to students from families making more than $100,000 per year from $3,321 to $4,806, an increase of $1,485, or 45%.

This is on top of even larger disparities in earlier years. Over the last decade, both public and private institutions have devoted a hugely disproportionate share of new scholarships to the most privileged students. The whole principle of awarding financial aid according to financial need appears to be rapidly disappearing from our colleges and universities.

(Via)