Moody's Praises Wesleyan for Ending Need-Blind Policy
- Grinnell, one of the country's wealthiest colleges, questions sustainability of financial aid
- Colleges rethink need blind admissions in favor of meeting need
- Wesleyan shifts away from need-blind policy, citing financial and ethical concerns
- Admissions and aid policies play a larger role than tuition in driving debt, paper finds
- Grinnell will stay need-blind, but seek more students with ability to pay
Some student leaders may be questioning Wesleyan University's recent shift away from need-blind admissions, but Moody's Investors Service is applauding the change, The Hartford Courant reported. In fact, a new report from Moody's suggests other private colleges may want to follow Wesleyan's lead. "These actions ... are credit positive for Wesleyan, as well as other selective private colleges that could look to this model as an avenue for growing tuition revenue in an increasingly difficult higher education market burdened by stiffening tuition price resistance and rising student loan burden," Moody's said.