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Many institutions with small endowments, however, will probably become more need-sensitive than usual this year, quietly offering places to fewer students who need large aid packages.
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<p>I was pleased to see that Vassar is giving out more aid to those who need it and is remaining need-blind:</p>
<p>"Vassar College will give out $1 million more in financial aid this year than originally budgeted, even though the endowment, which provides a third of its operating budget, dropped to $765 million at the end of September, down $80 million from late June. President Catharine Bond Hill of Vassar said the college would reduce its operating costs, but remain need-blind."</p>
<p>Add USC to the list of hiring freezes and capital improvement delays. I can't imagine what these endowments look like right now. I mean, I can't look at my 401k and that is nothing compared to the billions in the endowment.</p>
<p>It's going to be really hard for Financial Aid departments too.</p>
<p>I applaud Dickinson for admitting that they turn down students based on financial need. I think that happens at a lot of institutions, but we just don't know it.</p>
<p>^^^ I had the same thought when I read that.</p>