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The Daily OrangeIvy League standards
By Ryan Balton
Posted: 3/5/08, 12:08 AM EST Section: News
Many Ivy League schools have announced in the past year that they're taking action to reduce tuition for low-income families. Whether or not Syracuse University will follow suit remains unknown.
Institutions like Cornell University, Dartmouth College, Yale University and Harvard University have announced plans to relieve students in low-to-middle income families of the financial burden that comes with affording a private education.
As a result of such decisions, chairman Sen. Max Baucus (D-Mont.) and ranking member, Sen. Charles Grassley (R-Iowa) of the Senate Finance Committee wrote to all universities with endowments of more than $500 million requesting information on their tuition costs and endowments.
The committee's request said it seems clear from actions by top universities that large endowments can help control tuition costs for low-to-middle income families.
SU released its response to the Senate on March 3.
Cornell is one of the schools replacing student loans with grants, said Cornell Provost Carolyn A. Martin in a press release.
Students from families with incomes under $60,000 will qualify in 2008-09, and the maximum income will increase to $75,000 in 2009-10. Cornell will cap student loans at $3,000 for students from families with incomes up to $120,000. The rest of the financial aid will be supplied by grants.
"We think the entire campus will benefit in our ability to enroll a diverse and talented student body," said Simeon Moss, Cornell public relations office director.
Other members of the Ivy League made similar announcements during the past two months. Princeton University first replaced loans with grants seven years ago.
"The fact that so many have done it all at once was a little unexpected, but the fact that they are doing it is a trend that started ten years ago," said Tony Pals, National Association of Independent Colleges director of public information.
Among the announcements, Dartmouth College is offering free tuition for students from families with incomes under $75,000, according to an announcement from the college on Jan. 22.
Institutions like Cornell University, Dartmouth College, Yale University and Harvard University have announced plans to relieve students in low-to-middle income families of the financial burden that comes with affording a private education.
As a result of such decisions, chairman Sen. Max Baucus (D-Mont.) and ranking member, Sen. Charles Grassley (R-Iowa) of the Senate Finance Committee wrote to all universities with endowments of more than $500 million requesting information on their tuition costs and endowments.
The committee's request said it seems clear from actions by top universities that large endowments can help control tuition costs for low-to-middle income families.
SU released its response to the Senate on March 3.
Cornell is one of the schools replacing student loans with grants, said Cornell Provost Carolyn A. Martin in a press release.
Students from families with incomes under $60,000 will qualify in 2008-09, and the maximum income will increase to $75,000 in 2009-10. Cornell will cap student loans at $3,000 for students from families with incomes up to $120,000. The rest of the financial aid will be supplied by grants.
"We think the entire campus will benefit in our ability to enroll a diverse and talented student body," said Simeon Moss, Cornell public relations office director.
Other members of the Ivy League made similar announcements during the past two months. Princeton University first replaced loans with grants seven years ago.
"The fact that so many have done it all at once was a little unexpected, but the fact that they are doing it is a trend that started ten years ago," said Tony Pals, National Association of Independent Colleges director of public information.
Among the announcements, Dartmouth College is offering free tuition for students from families with incomes under $75,000, according to an announcement from the college on Jan. 22.
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EGON
posted 3/09/08 @ 12:06 PM EST
I've sent a letter to the US senate requesting that the US government consider placing a tax on all educational endowments, regardless of the level of education, over a billion dollars: The Education Endowment Tax. (Continued…)
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