Tag Archives: endowment

Cornell, MIT Scale Back Aid Even as Endowments Rise – Businessweek

Cornell University and Massachusetts Institute of Technology are scaling back financial assistance to students, adding to the burden of families already coping with climbing college costs.

Cornell, the Ivy League school based in Ithaca, New York, will force students whose families make more than $60,000 a year to seek other financing to pay for part of their studies starting in 2013. This fall, MIT is raising the amount low- income students contribute by 36 percent to $6,000 a year.

via Cornell, MIT Scale Back Aid Even as Endowments Rise – Businessweek.