College financial aid: It’s a sham that depends on what colleges think families will pay.
slate.com · 2,621 words · saved by 1 readers
Colleges claim to award scholarships based on merit or need. In reality, they’re just charging the most they think families will pay.
Photo illustration by Natalie Matthews-Ramo. Photo by Monkey Business Images/iStock/Getty Images Plus. Copy Link Share Share Comment Copy Link Share Share Comment In early March, a 17-year-old high school senior I’ll call Ethan got a text message from Ursinus College, a small, private liberal arts school located about 45 minutes outside of Philadelphia. It said, “Great news, [Ethan]! Ursinus College has awarded you additional money! Log into your portal to view your updated financial aid award.” A few days later, Ethan got a letter from Ursinus repeating the same offer. “The Office of Student
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