Economy shuffles Princeton Review’s best value colleges

February 23rd, 2011 - 1:41 am ICT by Aishwarya Bhatt  

New York, Feb 22 (THAINDIAN NEWS) This year’s “Princeton Review” has been published by USA TODAY.

The economic recession that hit the United States greatly affected this year’s rankings. The list which ranks 50 public and 50 private universities in the states showed that affordability in education is fast becoming a thing of the past.

Tuition in the United States is increasing by the day. The government in a bid to reverse overspending has cut some of the grants that are given to universities and colleges in the country. For instance lawmakers are considering making cuts on the amount that the government spends on the Pell Grant. This has got some universities to take some drastic decisions.

About 45 of the best ranked universities have eliminated or put some cap on student loans as a measure to reduce the pressure that is piling on them.

The senior vice president of The Princeton Review, Robert Franek accessed that, “Many schools have been under great pressure.”

According to the organization that came out with the rankings, this year’s list is meant to “have made a clear commitment this year, specifically, to make sure financial aid is … even more available.”

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