"Merit aid has a bad reputation: Critics say that when colleges use it, they reduce the need-based aid available to low-income students. Jon Boeckenstedt disagrees," The Chronicle of Higher Education's Head Count reports.
"For many colleges, merit-based aid is a necessity, he said during a presentation here on Tuesday at the National Association of Student Financial Aid Administrators’ annual meeting. What’s really hurting need-based aid is price increases and imprecise definitions of need, said Mr. Boeckenstedt, associate vice president for enrollment management and marketing at DePaul University.
Sure, some colleges design merit-aid strategies primarily to enhance their prestige, and colleges in a strong market position can shape their classes without it. But for a university like DePaul, he said, merit and need-based aid work together to support low-income and first-generation students while bringing in enough revenue to provide them with a quality college experience."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 7/1/2014