Byline: HENRY E. RIGGS
This nation has a long tradition of providing access to higher education to students who are academically qualified. Financial aid in the form of scholarships has been essential in assuring that access.
Three decades ago, scholarship funds came largely from the federal and state governments. In the last 10 years, colleges and universities, both private and public, have ``recycled'' their own tuition dollars into financial aid in what some have called a high-tuition/high-aid policy.
Such a policy can make good sense for the individual institution and for society. At public institutions and at private institutions with reasonable endowments, tuition revenues cover less than the …
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