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Download full textReed, Matthew – Institute for College Access & Success, 2008
Many public and private colleges give out substantial amounts of financial aid in excess of students' demonstrated financial need to attract the most talented students in a competitive marketplace. These colleges see merit aid as an investment in institutional quality. Since top students are in high demand, colleges may have to bid against each…
Descriptors: Talent, Student Financial Aid, Institutional Cooperation, Private Colleges
