<p>Here is the text from the article in the Exonian, dated March 5, 2009.</p>
<p>PEA Cuts Spending for Aid</p>
<p>The Academy will offer admission to more students who can pay full tuition when decision letters are sent out next week, according to Paul R. Mahoney, the director of financial aid.</p>
<p>"Not more" than one-third of the class of 2013 will be offered financial aid, compared to roughly 50 percent of the class of 2012, Mahoney said. This is the first time in recent years the Academy has not been effectively need blind.</p>
<p>Mahoney estimates 30 or 40 fewer students will be on financial aid next year. Admissions decisions are to be released on Tuesday.</p>
<p>The proportion of applicants applying for financial aid is also up. Nearly two-thirds of applicants applied for financial aid this year, compared to 50 percent last year, Mahoney said, noting that this year's applicant pool is the largest ever. Admissions received more than 2,300 applications, up from roughly 1,900 last year.</p>
<p>"In recent years we didn't have to segregate financial aid kids from non-financial aid kids in making decisions, we just chose," Mahoney said. "This year the Admissions Committee had to take into account whether an applicant was also a candidate for financial aid."</p>
<p>That meant decisions to admit were based on a family's ability to pay full tuition.</p>
<p>"Lots of highly qualified candidates could not be offered positions because they needed financial aid dollars that we simply did not have," math instructor Joseph Wolfson, part of the Admissions Committee, said.</p>