Quote:
Originally Posted by markusk
The Ive League schools have a "need blind admissions" policy. That is, they base the selection only on one's academic/extracurricular achievements. If and when one is admitted, then they look at the family's finances to determine need.
|
Everybody has beat around this issue but no one has brought it up.
There are two (2) forms of financial aid:
1) need-based aid created under Title IV of the US Code,
2) merit-based aid based on the student's record, background, and performance provided by any kind of organization.
The argument is that if you are a well-qualified candidate, your entire college education would be merit-based aid and you would not need to get need-based aid. The second part of the argument is that the student and the parents are required to exhaust their entire assets before need-based aid will kick in.
Your argument would be that need-based aid should be eliminated completely, and we should go to a 100% merit-based aid system.
Please be aware that lawmakers attribute poor academic performance to low income. So the idea of need-based aid is to help offset some of the inequities faced by low income students.
I did not provide my own opinion on this topic. I just wanted to frame the discussion in a way that facilitates comprehension.
Carry on
