This is only true for the best schools with a decent amount of money. As bloomberg noted in a piece last month, a lot of schools on the cusp are in big trouble

This is only true for the best schools with a decent amount of money. As bloomberg noted in a piece last month, a lot of schools on the cusp are in big trouble financially and depend on tuition to make up the difference. For most of these schools, students making under whatever the line is, don't get full aid like they might at Harvard, MIT, etc. Also, this only extends to international students at, again, the best schools. When I applied for college several years back, I think it was only five schools that were need-blind to international students (they were also very generous with that aid). There might be more schools that do so now but I can't imagine it's substantially more.