Is Financial Aid Working? (as reported by Jon Marcus on money.cnn.com)

For a variety of reasons, some perhaps still unknown, more financial aid for education has been going to children of families who don’t need it rather than the poorer families who can’t afford college without it. As the Obama administration once again begins to address income inequality and its relation to education, it is becoming more evident that some programs designed to help children from low income families afford a higher education are not working to achieve that goal. Some colleges are choosing to offer aid to families who don’t need it or haven’t asked for it as a way to entice them to choose their school. Because schools are worried about their bottom line, they would rather offer a little aid to families who can afford to pay the rest than offer a lot of aid to families who can’t. Click here to read the full article.

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