College Admissions Based upon Economics and Not Aptitude
The NYTimes reports that Reed College, a rigorous small liberal arts university, has had to weed out many of its students who would otherwise have been admitted but needed too much financial assistance and have replaced those students with those who can pay. Reed College, of course, is not alone in this, but is an example of a larger trend in response to the dwindling endowments of universities. This, in fact, has most affected smaller private universities, although no institution has been completely untouched. June 10, 2009 A Small College Struggles With Economics By JONATHAN D. GLATER PORTLAND, Ore. — The admissions team at Reed College, known for its free-spirited students, learned in March that the prospective freshman class it had so carefully composed after weeks of reviewing essays, scores and recommendations was unworkable. Money was the problem. Too many of the students needed financial aid, and the school did not have enough. So the director of financial aid gave the team a...