The Williams alumni office sent this article to class agents: Colleges struggle to preserve financial aid. The picture is from Amherst, but Morty is widely quoted:

Morton Schapiro, president of Williams College in Massachusetts, which has long had a commitment to accepting students without considering their financial situation, said he doubted that all colleges with such full need-blind policies would be able to hold to them.

“The major dial you turn for most financial crises is that you admit more students who can pay, as a way of increasing revenues,” Mr. Schapiro said. “With the tremendous decline in wealth, I think fewer people will hold on to needs blind.”

Williams and Amherst are both staying need-blind, of course, and are cutting back on renovations instead.

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