Word: routh
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According to Yale Director of Financial Aid Donald McM. Routh, programs like this were once common in the Ivies. Harvard at one time offered similar incentives in its National Scholars program, which was scrapped in the early 1990s...
Yale's new system will ignore the first$150,000 of a family's assets--typically includingsavings and home equity--in calculating thatfamily's expected contribution. Routh said abouthalf of all Yale students' families would benefitfrom the changes...
...became concerned after the last few classeswhen we continued to see a gradual fall-off inmiddle-class representation," Routh said. "Itwasn't a dramatic problem, but it's something wewould have had to tackle sooner or later...
...Routh said that Yale was seeking to attractmiddle-class students who might otherwise attendPrinceton, Harvard or cheaper state schools likethe University of Michigan or the University ofNorth Carolina at Chapel Hill...
...wanted to remain competitive," Routh said."We don't want to lose out on good studentsbecause of a big discrepancy...