Study Finds That Merit Aid for College Flows Mostly to Students From Affluent Families

According to a new study from Eduventures, a for-profit educational research firm based in Boston, students from families in the top 25 percent of all earners (those with incomes of more than $111,000) earn three times as much merit aid for college than students from the lowest 25 percent of earning families (those earning less than $37,750). Blacks make up a small percentage of the high-income group and a disproportionately large percentage of the low-income group.

Since 1994, according to Eduventures, the percentage of all college financial aid from federal, state, and institutional sources that was merit based has increased from 6 percent to 16 percent.