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Why Is So Much College Financial Aid Going to the Rich?

Students who don’t need the money, meanwhile, keep getting more of it. At private universities, students from families with annual earnings of $155,000-plus receive an average of $5,800 more per year in financial aid than a federal formula says they need to pay tuition; at public universities, they get $1,810 more than they need, according to the College Board.

The Moneywise 100

Looking to secure your retirement with a healthy nest egg? Like most investors, you’ve probably gotten a bad case of whiplash surveying an increasingly volatile stock market. Just take a...

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