With money coming in more slowly than the financial aid given out, schools say they are nearing the breaking point, and even the most selective elite universities are rethinking their generosity.
"It just became clear that if we continue to give more and more aid, the numbers don't add up," says Raynard Kington, head of Grinnell College. Thanks to longtime former board member Warren Buffett, Grinnell has an endowment bigger than most schools dream of. For years, that's enabled Grinnell to admit students on a need-blind basis — and then give them as much aid as they need.
Originally published on Tue November 27, 2012 6:23 pm
Why were secrets raining from the sky during Macy's Thanksgiving Parade? Police still aren't sure.
Inspector Kenneth Lack said Monday the Nassau County Police Department is investigating how confidential records including names of police officers, license plates, and the route of presidential candidate Mitt Romney's motorcade ended up as confetti in Manhattan's annual celebration, The Chicago Tribune reports.
There's really been nothing like Trapped in the Closet ever before.
R&B star R. Kelly has been making (and remaking) a series of short music videos that tell a flamboyant narrative in less-than-five-minute installments. The first batch of several dozen appeared online in 2005. Now, there's a total of 40 "chapters" that aired last Friday on IFC, with the latest ones being released online one at a time for the next week.
A campaign volunteer wears a button as President Obama speaks at a campaign event in Maumee, Ohio. Now that the election is over, the Obama team is trying to keep supporters engaged in the president's second term.
On Wednesday, President Obama will meet with middle-class Americans who will be affected by a tax increase if the country goes over the fiscal cliff. The White House put out a call for their stories last week.
That dialogue with the American people is part of a broader White House effort to keep campaign supporters engaged during Obama's second term. It's a big change from the first term — and it's not an easy undertaking.