With money coming in more slowly than the financial aid given out, schools say they are nearing the breaking point, and even the most selective elite universities are rethinking their generosity.
"It just became clear that if we continue to give more and more aid, the numbers don't add up," says Raynard Kington, head of Grinnell College. Thanks to longtime former board member Warren Buffett, Grinnell has an endowment bigger than most schools dream of. For years, that's enabled Grinnell to admit students on a need-blind basis — and then give them as much aid as they need.
Originally published on Tue November 27, 2012 5:23 pm
Why were secrets raining from the sky during Macy's Thanksgiving Parade? Police still aren't sure.
Inspector Kenneth Lack said Monday the Nassau County Police Department is investigating how confidential records including names of police officers, license plates, and the route of presidential candidate Mitt Romney's motorcade ended up as confetti in Manhattan's annual celebration, The Chicago Tribune reports.
On Wednesday, President Obama will meet with middle-class Americans who will be affected by a tax increase if the country goes over the fiscal cliff. The White House put out a call for their stories last week.
That dialogue with the American people is part of a broader White House effort to keep campaign supporters engaged during Obama's second term. It's a big change from the first term — and it's not an easy undertaking.