The wealthiest universities enroll the smallest percentage of low-income students — this has to change.
Recent decisions by wealthy private colleges and universities to drop merit aid and eliminate student loan debt masks the fact that these institutions enroll the smallest percentages of low-income students, and that the real national crisis of access to higher education by students from low- and moderate-income families is likely to be made worse, not better, if other colleges and universities follow.
I hope these moves do result in these institutions enrolling more low-income students. But the hype surrounding the announcements makes it harder for the public and our elected officials to understand the underlying structure of subsidies that exist in American higher education. Blame is being put on colleges and universities for what are really deep and profound failures of public policy in America that are keeping us — the wealthiest nation in the world — from enabling millions of able but low-income students to attend and complete college. This has to change.
Ending merit aid and student loans at a small number of institutions will not change the fact that nationally, highachieving students from low-income families still have no more chance of graduating from college than do lowachievers from high-income families. In their recent book, Equity and Excellence in American Higher Education, Dr. William G. Bowen, Martin A. Kurzweil and Dr. Eugene M. Tobin point out that the wealthiest colleges and universities — those that can best afford the financial aid necessary to enroll large numbers of lowincome students — in fact enroll the smallest percentages of such students.
In their attempt to maintain the highest possible competitive position, these institutions seek to maximize the average test scores of their incoming students. Test scores are highly correlated with family income — the higher the family income, the higher the test scores. Because only students with high test scores apply to these institutions, low-income students are underrepresented in their applicant pools.
