<p>See:
Student</a> Life - As endowment slips, University cuts back</p>
<p>Well...I hope this is the truth....but think about it, a school won't ever say "we will cut our budget for financial aid."</p>
<p>Ronaldo1988-You may be right, but I take the administration's comments at face value because it would seem to be in the University's own interest to maintain financial aid as a means of competing effectively against peer institutions and enrolling the best students. The same logic explains why Wash U has been one of very few top-level institutions that have offered substantial merit-based financial aid the last few years.</p>