The bad economy is being felt at private colleges around the nation, with some schools reporting declines in the number of applicants approaching 30%. Fears of being unable to obtain loans, coupled with the higher cost, are driving more applicants to consider less-costly state universities, which are seeing increasing demand in spite of state cutbacks. Public college enrollments are growing even in states with declining numbers of high school graduates.
The exceptions to the downturn in private college applicants are the Ivy League universities which offer extremely generous aid packages, thanks to their large endowments.
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