Private Colleges ’Act Local’ with Financial Aid

Date Posted: 

Monday, August 30, 2010

THE HERALD DISPATCH - Hoping to portray themselves as more affordable and all-around better neighbors, private colleges from Appalachia to Boston are sweetening financial aid packages for students from their own backyards, according to the Associated Press.

Among other private colleges that are going local with new or expanded financial aid, some directly tied to students’ financial need and others not:

Last fall, Davis & Elkins College in rural West Virginia started offering discounted tuition to freshmen from seven nearby counties to make its cost comparable to that of West Virginia University. The small Presbyterian college says it was seeking to both reach enrollment targets and deepen ties to the area, which has low median household incomes and college attendance rates. The freshmen class from those counties grew from 16 in 2009-09 to 87 in 2009-10, and this fall is projected at 122, officials say.