<p>This is an issue that highly selective colleges do find it is important to address. Their dropout rates are very much related to economic status fo the students. They do set a side seats to give these kids chances, and to have them comprise a large percent of the drop outs is wasting those seats and not fulfilling their mission. To accept such students, give them large aid packages, and then let things go, is a waste of resources. </p>
<p>However, I do agree that this is a very small niche of students and they tend to be in far better shape than most of the students from poor familes that have to deal with schools that can’t even meet their needs and have little or no resources to help them, and in fact, have draconian policies to make sure the school get the money first from their students and milks them as much as they can in terms of federal/state monies. Some of those pracitces border on criminal, IMO.</p>
<p>There was a big hoopla about those kids who lose fin aid due to merit money, I remember. And, yes, it is unfair, but the fact of the matter is that the far more pressing problem is those who don’t get need met which is the case for the majority of students. I feel that way aobut this issue too.</p>
<p>But it is a fact, that you feel a lot poorer when you are among those who have more than you do. In the land of the blind, the one eyed man is king, they say, and so it goes with money. I always felt our family was pretty well to do as a kid, and we were because my mother managed our finances very well, cooked great meals, and we led a life of spending little when a lot of my peer had parents who were financially in trouble. Our electric was never shut off and our meals on the day before pay day were every bit as good and plentiful as the day before. My mother had several months’ pay tucked away so PayDay was not a redletter day at all for our family. </p>
<p>But when I went to college, whooie. It was a whole other scene. I went to a school where slightly mre than half were full pay and it was an expensive school. It was also highly selective, so most of the kid there came from families with far more culture, far more resources and much more money than my family had. I was on 2/3 fin aid due to need as well as having a bunch of merit awards. My parents weren’t paying much if anything for me or my brothes to go to school, and they did not have it to pay. I was definitely from a low income family and, yes, this was painfully clear, I was as compared to most of my classmates, dorm mates. , but there were some at the school that came from backgrounds where they had been truly deprived. Most of them did not make through freshman year sadly. They were not prepared for the rigors of a school like that.</p>