- Levy says more colleges are devoting money to scholarships that reward those who already can afford to pay, reducing assistance for needy students
- Taking scarce financial aid dollars from low-income students to give to students who don't need it amounts to Robin Hood in reverse, he says
Former New York City Schools Chancellor Harold O. Levy is executive director of the Jack Kent Cooke Foundation, which awards scholarships to high-achieving students from low-income families and grants to organizations that serve such students. The views expressed in this commentary are his.
(CNN)There's a growing competition among colleges and universities to enroll students who can foot the bill for their education with little or no financial aid from the schools. But paradoxically, the colleges are attempting to attract these highly sought-after students by giving them financial aid -- even when the students can pay their bills without it.