"Call them the top four percent: elite private colleges and universities that together sit atop three-quarters of the higher education terrain’s endowment wealth.
Among that group of 138 of the nation’s wealthiest colleges and universities, four in five charge poor students so much that they’d need to surrender 60 percent or more of their household incomes just to attend, even after financial aid is considered. Nearly half have enrollment rates of low-income students that place them in the bottom 5 percent nationally for such enrollment.
These findings come from a new report released by the Education Trust, which noted that while these places of higher learning possess endowments of at least $500 million each, few are spending that largess at anywhere near the rate they could to ease college costs for talented low-income students." …
http://hechingerreport.org/the-500-million-club-of-colleges-tends-to-be-stingy-with-aid-to-low-income-students/
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