Cornell University and Massachusetts Institute of Technology are scaling back financial assistance to students, adding to the burden of families already coping with climbing college costs.
Massachusetts Institute of Technology said it received more than 17,800 undergraduate applications for the next academic year as students see value in a scientific or technical background.
New York University pulled out of the National Merit scholarships, becoming at least the ninth school to stop funding one of the largest U.S. merit-based aid programs, because it doesn’t want to reward students based on a standardized test.
"I do not see us doing anything different now."
- Stuart Schmill on Jun 24, 2013