financial aid- Page 4

When the “Great Recession” struck in 2007, colleges and universities were not spared. Endowments everywhere declined, and institutions were forced to make budget cuts in order to properly respond. Even now, as the economy is recovering, colleges are still announcing budget changes

A Swarthmore college education is expensive. Between tuition, personal expenses, books, fees, and room and board, the price between 2012 and 2013 comes out to be $58,090. It is far more than the average cost at a four-year institution in the United