Grinnell College to remain need-blind for now
- Grinnell College announced its board's decision to remain need-blind in admissions Saturday, but the college will also take steps to recruit more wealthy students.
- The commitment to remain need-blind is only for two years and may be reconsidered if Grinnell can't curb the growth of its discount rate or lower the amount of its operating budget paid by its endowment, and the college will also control aid expenses by raising loan limits and identifying more assets that would allow students on aid to pay more of their expenses themselves.
- Grinnell's $1.5 billion land endowment is among the largest of liberal arts colleges and only 12% of its students don't receive any aid.
From the article:
Following months of debate, Grinnell College announced Saturday that its board had voted to keep the institution need-blind in admissions. That news cheered many students and alumni who were alarmed when the college announced last year that it was considering the possibility of moving away from considering all applicants without regard to financial need. ...
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