Tagged: New America

A new report from Stephen Burd of New America has identified 23 private and 18 public universities who spend significantly higher shares of their institutional aid on students who do not need it. In 2023, these universities distributed $2.4 billion in non-need-based aid.

The New American Foundation report found that for students from families with incomes below $30,000, two thirds of all private colleges and universities have a net price (costs after all financial aid is included) of at least $15,000.