Among state universities, a fight for rich students

By Lynn O'Shaughnessy. In order to boost their revenue by moving up in popular college rankings, public universities are increasingly awarding merit scholarships to affluent students who live within their borders -- and beyond. This often comes at the expense of the institutions' own state residents, according to a new study by the New American Foundation, a centrist think tank that explored the merit aid practices at 424 public colleges and universities. Read more...