Colleges’ New Aid Target: The Middle Class
As soaring college costs saddle more students with debt, colleges are increasingly earmarking aid for students who can fall through the cracks of existing programs: those who aren’t from poor families, can’t necessarily maintain a 4.0 GPA or hit a three-pointer at the buzzer.
California started a scholarship program this school year to help such middle-class students whose families earn as much as $150,000 a year. Pennsylvania rolled out the Ready to Succeed Scholarship, offering as much as $2,000 in aid for residents whose families earn up to $110,000, while Minnesota added money to its state grant program last year to provide up to $5,000 to an additional 2,200 students whose families earn between $60,000 and $120,000.
And individual schools including Lawrence University in Appleton, Wis., and Vincennes University in Indiana are beefing up their aid offerings to students who fall into that middle zone as well.