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Harvard, Cornell, Dartmouth, Brown and Yale, alongside dozens of other top schools, were targeted in the class-action lawsuit filed by a Boston University student and Cornell University alum in ...
The lawsuit claims that students were required to disclose the financial assets of their noncustodial parents, impacting their financial aid totals. Harvard, Yale, MIT and more are accused of ...
(Reuters) -Brown, Yale and Columbia universities have agreed to pay a combined $62 million to resolve a lawsuit that accused them and others of favoring wealthy applicants, pushing total ...
In the United States, schools with large financial aid budgets—typically private, college-preparatory boarding schools—tend to offer either need-blind admission or a commitment to meet the full demonstrated need of the U.S. citizen students that they admit (as determined by the schools' respective financial aid departments).
More recently, Harvard, [14] Yale, [15] and Princeton [16] [17] instituted no-loan financial aid policies which provide students with need-based aid from private funds held by the universities. This enables greater attendance from the poorer classes than Pell Grant statistics would indicate, since many recipients of university grants do not ...
Most financial aid is in the form of grants and scholarships that do not need to be paid back to the university, and the average need-based aid grant for the Class of 2017 was $46,395. [166] 15% of Yale College students are expected to have no parental contribution, and about 50% receive some form of financial aid.
For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
A Cornell University student walks along the campus in Ithaca, N.Y., on Dec. 16, 2021 (AP) Cornell University is settling a class-action suit brought by students enrolled at the university when it ...