With the economic downfall, many institutions are feeling the sting, and that includes universities and colleges. Sad but true: filing for financial aid may decrease your chances of getting into the college of your dreams this year, reports the Wall Street Journal. Some schools are dealing with the budget hits by accepting more students who can afford the full tuition and cutting back on those who can't, while others are charging the wealthier students more money.
It's sad to see the education system taking a hit along with all the other sectors of the American economy. And it's not just the higher education schools that are facing monetary pressure. In efforts to slash costs, Michigan is shutting down half of the high schools in its Detroit district, which will mean students can expect class sizes to increase to about 60 students.
Do you think that education is an expense that the government should not skimp on?