My Online Colleges

Last Update: Monday, June 25th, 2012

Should College Financial Aid Be Based on Need, Not Merit?

Andrew Wise Written by Andrew Wise on June 25th, 2012

Founder of MyOnlineColleges.com

According to a new article in the WSJ, groups are looking at providing financial aid based on need not based on student performance.

For many, aid is the difference between graduating or dropping out. Among low-income students, the six-year graduation rate is 45% when grants cover less than a quarter of college costs, and 68% when grants cover more than three-quarters of costs, based on 2009 data. For middle-income students, the rate jumps to 88% from 65% with more aid.

What do you think?
Read the full article.


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