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Higher Ed in the News

Little decline in student commitments at top colleges

May 11, 2009

Early indications from more than a dozen top colleges signal that the economic downturn may not have disrupted students' college choices as much as schools had feared.

Among the universities reporting little variation in their admissions acceptance responses were Harvard, Yale, Princeton, Wesleyan, Smith, Universities of Virginia and Wisconsin.

However, many of the colleges have increased their financial aid budgets over last year's.

As much as 65 percent of the incoming freshman class at Harvard could end up receiving direct, need-based scholarships, compared with 58 percent in the current freshman class.  In response, Harvard expects to increase it undergraduate financial aid budget by $9 million, or 7 percent.

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Read more in the New York Times.