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These states also need to vastly increase financial aid to the Palestinian Authority.
To make progress on low-income access, institutions need incentives to increase financial aid.
They said the initiative would increase financial aid spending by the university to $120 million annually from $98 million.
Even with less money coming in and costs uncertain, several leading schools say they want to increase financial aid to students.
Private colleges, which are more expensive than public institutions, are facing a different problem: worried about losing students, they are trying to find ways to increase financial aid.
It would cancel about $9 billion in annual government subsidies for banks that lend to college students and use much of the money to increase financial aid.
Similar(27)
"Increasing financial aid is terrific," as Mr. Summers says.
Most private colleges are worried about increasing financial aid costs.
Increasing financial aid can increase the odds of keeping a student in college.
Recently, MIT increased financial aid to cover tuition and fees for a larger fraction of students.
Therefore next year we will, in fact, be increasing financial aid by $1 million from the operating budget.
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