Wednesday, February 25, 2009

I Hope You Have a Big Wallet

Posted by: Sean Brown

For students applying to U.S. colleges, it's a very good year to have strong grades and deep pockets. Especially the latter.

As colleges and universities provide more financial aid to families hit by the recession, they are also more likely to give wealthier students preference in admissions and scholarships to help offset that extra cost, according to college administrators and consultants.

"The full-pay kid this year is going to be at a premium," said Frank Vellaccio, senior vice president at the College of the Holy Cross in Worcester, Massachusetts, which does not consider finances in admissions decisions.

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