Beyond Hand to Mouth

Applications dropped at seven of the top eight liberal-arts colleges in the U.S.

Families facing higher taxes and declines in investments and home values are balking at the costs of small private schools, which can reach $50,000 a year. While attending an Ivy League school, such as Harvard University in Cambridge, may be worth the cost for families that don’t qualify for financial aid, the next level of elite schools may not carry the same value in a sour economy, educators and parents said in interviews today and last week.

Bloomberg article can be read here.