> I think that what this means in the long-run is that this small number of very highly resourced private colleges ... will be able to sustain "normal" people g

> I think that what this means in the long-run is that this small number of very highly resourced private colleges ... will be able to sustain "normal" people going there on the need-blind aid The issue with this is that prospective students need to know this is how it works. When I was in school (in a similar caliber school), most lower income students applied on a whim not knowing the school would handle aid. (Also I'm told the school did a bad job at handling aid, essentially giving people golden handcuffs to control additional factors of their life like housing).