"Maybe the starkest example is Washington University in St. Louis, one of the hot colleges of recent years, having climbed to No. 14 in the U.S. News rankings last year. Only about 6 percent of the freshman class in recent years at Wash. U., as it’s known, have received Pell grants, even though it is one of the country’s 25 richest colleges on a per-student basis."
Very very very disappointed in my alma mater. But sadly not surprised.
I haven’t donated to my university (despite their many asks) because I have always had the sneaking suspicion that my money would not go to worthy cause. More likely that it would fund some gaudy over-the-top student center, or posh dorm with unnecessary amenities.
Their strategies have been effective in pushing the rankings higher (and therefore making my degree more valuable). But I can’t support a school with an exceptionally high tuition and exceptionally few low income students, despite a substantial endowment.
(Source: The New York Times)