Financial Aid and Competition

Ideas & Perspectives
Ideas & Perspectives

Volume 37

No. 13//

October 10, 2012

ISM understands financial aid to have three basic rationales: “rainy day” aid, aid for diversity, and aid to fill seats. However, when schools are not clear about their appropriate rationales based on mission and need, another more insidious reason for financial aid creeps in. This fourth use of financial aid is as a competitive tool against other private-independent schools in the marketplace. ISM is deeply concerned about this.

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