General Studies Lounge - ARCHIVE 2006-2011

Andrew Delbanco, who I consider to be one of the finest professors at Columbia has co-written an editorial in today's New York Times concerning financial aid:

Ivy-League Letdown

By ROGER LEHECKA and ANDREW DELBANCO
Published: January 22, 2008

LAST month, Harvard reached into its deep pockets — its endowment is $35 billion — and changed the way it calculates student financial aid. The aim, its press release says, is “to make Harvard College more affordable for families across the income spectrum.” Last week, Yale, whose $22.5 billion endowment is growing even faster than Harvard’s, followed suit. Yale’s president, Richard Levin, said he didn’t want students to have to choose “between Yale and Harvard based on cost.”

Read More at the New York Times