Jul 31, 2013

Do the rich have the edge when it comes to school aid?
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A new study by Sallie Mae found that 36 percent of students from wealthy families received scholarships averaging $10,213 for the school year just ended, while 35 percent of students from families earning less than $35,000 a year received scholarships worth an average of $7,237.

And a study released in May by the New America Foundation analyzed federal data on what students pay out of pocket for college, and found that the share of students receiving merit aid more than doubled, from 8 percent to 18 percent, at public colleges between 1995–1996 and 2007–2008. At private colleges, that share rose from 24 percent to 44 percent –and at all colleges, the share of students receiving aid based on need barely changed.

READ MORE:  Class system? When it comes to school aid, rich have the edge

 

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Kari Cullen

Kari Cullen is a blogger, content curator, and author. She is the founder of Esavingsblog, a blog to help readers learn how to save money, get deals and live frugally. Her eBook "Saving Your Way to a Better Life", is available on Amazon now and provides essential information to help readers save money.

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Kari Cullen

Kari Cullen is a blogger, content curator, and author. She is the founder of Esavingsblog, a blog to help readers learn how to save money, get deals and live frugally. Her eBook "Saving Your Way to a Better Life", is available on Amazon now and provides essential information to help readers save money.

More Curations by Kari