I was watching a DVR recording of last night's PBS NEWSHOUR on TV. They had a segment on Scholarships from private colleges given to affluent parents who didn't really need those scholarships for their children to attend those colleges. When colleges do this they are thinking about the donations that those children and families will give back to those colleges after they graduate which will sustain the college in the future.
The problem with this is that lower income students who need those scholarships are often left out of this business equation especially for private colleges in the U.S.
They featured one college that is returning to the old ways of giving money only to those who really need it by focusing on exceptional high school students all over who need scholarship money to attend college at all.
So, the college institution has to decide which is it going to accentuate: poorer students with good grades or rich students who might give endowments to the university after they graduate.
Likely both will happen because universities need to survive but poorer students with good grades also need help to achieve greatness in their lives too. So, I'm thinking that both things can take place at the same time so both universities can survive and so can good but poorer high school students looking for a way to go to college and a way to greatness in their lives.
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