Economic Diversity
Over the past half-century, the 'Big Three', and the rest of the Ivy League, have increasingly stressed both diversity and academic merit in their admissions process, and in part have freed themselves from some of their WASP roots. Notwithstanding, a certain lack in economic diversity persists at the three colleges. As Jerome Karabel, a Harvard graduate and the author of The Chosen detailing the history of the admissions process at HYP, noted:
| “ | The Big Three are notoriously lacking one of most critical dimensions: class diversity. In a study of the percentage of low-income students in 2000 (as measured by the proportion of federal Pell Grants - need-based awards that do not have to be repaid and make up the bulk of many poorer students' aid) at the nation's leading universities, the Big Three were found to be among the nation's least economically diverse schools. Of the 40 universities studied, Harvard and Princeton ranked 39th and 38th respectively, with Yale at 25th. While the three top universities in economic diversity were all public institutions (the University of California at Los Angeles, UC-Berkeley, and UC-San Diego), the next two—the University of Southern California and New York University—were private. And one university in the top 10, California Institute of Technology, is among the most selective private institutions in the nation." | ” |
More recently, Yale, Princeton and Harvard instituted no-loan financial aid policies which provide students with need-based aid from private funds held by the universities. This enables greater attendance from the poorer classes than Pell Grant statistics would indicate, since many recipients of university grants do not receive Pell Grants.
Read more about this topic: Big Three (universities)
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