Financial Aid and Colleges

college education: There a growing competition among colleges and universities to enroll students who can foot the bill for their education with little or no financial aid from the schools, according to CNN. But paradoxically, the colleges are attempting to attract these highly sought-after students by giving them financial aid -- even when the students can pay their bills without it. The views expressed in this commentary are his. The result Less scholarship funding is available for low-income students who are then unable to attend because they can't afford an expensive college education without a big aid package. Merit assistance has nothing to do with financial need. Harold O. Levy More and more colleges are setting aside financial assistance for what are known as "merit scholarships." U.S. News and World Report found that in the 2014-15 academic year, the 100 colleges and universities giving the highest percentages of students merit aid provided the assistance to between 28 and 68% of students, not counting athletic scholarships. (news.financializer.com). As reported in the news.