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Colleges Soak Poor U.S. Students While Funneling Aid to Rich

bloomberg.com

U.S. colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to take on heavy debt, a report found.

“Colleges are always saying how committed they are to admitting low-income students — that they are all about equality,” Burd said in a phone interview. “This data shows there’s been a dramatic shift. The pursuit of prestige and revenue has led them to focus more on high-income students.”

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