Amid growing affordability concerns, Long Island University over-awards financial aid
- In an effort to meet enrollment targets and demonstrated need, administrators at Long Island University's Post campus exceeded the budgeted amount in financial aid awarded and must now make budget cuts and deal with faculty pushback.
- Most of the aid came as discounted tuition and the college will likely bring in less tuition revenue than expected as a result, but administrators say they won't know how much was lost on financial aid until their budget is completed.
- Several other institutions--including the University of Louisville and Birmingham-Southern College--have over-awarded financial aid in recent years, reflecting a growing concern about college affordability among the general public.
From the article:
It takes a lot of money to make college inexpensive. Administrators at Long Island University, a private university in New York with multiple campuses, had to make budget cuts and are dealing with faculty pushback after the financial aid awarded by one of the college's two main campuses exceeded the budgeted amount. Administrators overspent in an effort to meet enrollment targets and meet demonstrated need. ...
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