From the San Francisco Chronicle:
A financial aid war is breaking out among the nation's elite universities.
More than three dozen schools have capped or eliminated loans, tuition or parental contributions for low-, middle- and in some cases upper-middle-income students. Most of them are private, ultra-selective schools with enormous endowments and a small percentage of poor students. Students who qualify for more aid might find these universities cheaper even than state schools - if they can get in.
The movement could help put a damper on skyrocketing college costs. But schools with smaller endowments and larger percentages of low-income students will be hard pressed to match the price cuts of the richest schools.
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