A handful of top US colleges are taking steps to boost financial aid for low and middle-income families as the soaring cost of attendance fuels backlash from financially stretched students.
The University of Pennsylvania recently announced it will stop including a family’s home equity when determining financial aid eligibility. At the Massachusetts Institute of Technology, undergraduates with families earning less than $100,000 can expect to get a full ride starting next fall. In the University of Texas system students from families at that income level will attend college tuition-free.
The moves to boost affordability come as the cost of attending Ivy League universities and other top colleges ...