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Roscoe:
Just a little clarification on that point. Most students who have a financial need are, generally, the recepients of grants, low cost loans, and scholarships based on that need. In a sense, the wealthy kid who doesn't receive those funds because of an income "ineligibility" issue--his parents have to high a net worth, income, etc---is already being penalized. It just isn't as visible as the case you stated in your post.
I have been a Board member for a University Foundation for six years, spending much of my time on their scholarship committee.
While many students are deserving of aid because of limited family resources, I am always amazed at how the system penalizes those who work hard to save for education and reward those who show up at the front steps with no funds at all, resulting in the perks I just referred to in the first paragraph.
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