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Re:Obama Forgives Student Debt Of 400,000 Americans by sethhochberg on Wednesday April 13, 2016 @06:03PM (#11492680)
Many elite schools practice need-blind admissions - Harvard, Yale, Princeton, etc. Financial standing has no merit on admissions, and if you can get in, you get to attend regardless of the financial support you require.

Its a great system, but it unfortunately falls apart for the less-elite schools which don't have massive endowments to rely on.

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