Just got this email. About 18 years too late. Doh!
Dear Brown Alumni,
Today the Brown Corporation approved a new financial aid policy that eliminates loans for students whose family incomes are less than $100,000, reduces loans for all students who receive financial aid and no longer requires a parental contribution from most families with incomes of up to $60,000. Beginning in the fall of 2008, the new provisions will apply to all current students who receive financial aid, including the incoming Class of 2012.
This important action by our University is an effort to address the universal concern over the cost of receiving an education at a top institution such as Brown. I invite you to read more about this new policy on Brown's Web site. If you have any questions about this news, please don't hesitate to contact me directly.
With best regards,
Todd Andrews' 83
Vice President
Alumni Relations
I doubt they make that retroactive. Hehe.
Well, I'm glad this is happening, and I'm proud that my school continues to really try to bridge the gap for those without the funds to pay for college. My university wasn't "needs-blind" while I was in college, as admissions had to account for the finances of something like 10% of those who applied (my memory is fuzzy on that, so don't hold me to it). We went needs-blind several years ago, and this is just the next step. This is one aspect of education that is really done right.
Except I ain't getting a retroactive check in the mail. And I would've gotten a full ride!
Double dooooooooooh!
