How Colleges Can Again Be Levelers of Society

Stephen Burd was quoted in a New York Times op-ed, which also cited his policy papers "Undermining Pell" and "the Out-of-State Student Arms Race."

Colleges that enroll the highest percentage of low-income students are need-blind, which means they make admissions decisions without considering ability to pay. They offer enough financial aid to completely close the gap between the cost of college and what a student’s family can pay. And they actively recruit low-income students.

Stephen Burd, a senior policy analyst at New America, a public policy institute, said that between 20 and 25 private schools and many public colleges do all three things, among them many Ivies, Stanford and small colleges like Pomona, Wellesley and Amherst (another leader in educating low-income students).

The vast majority of colleges don’t. Enrolling poor students is costly, especially because each scholarship student will take the place of someone who could pay in full. The financial crisis of 2008 sliced into endowments. States are cutting public schools’ budgets.

In addition, the money colleges do have increasingly goes to students who don’t need it. Private colleges engage in bidding wars for talented wealthy students. Burd writes that the same thing is happening at public colleges, where tuition is higher for out-of-state students, and bidding wars for them gobble up a growing percentage of aid. While this crowds out low-income students, and many colleges say they would like to stop, they do not because their competitors are still doing it.