Colleges Turn to Donors to Meet Aid Pledge

Dozens of colleges and universities have announced efforts to overhaul their aid programs, and now they're working on funding those grand plans. While scholarships have always been a popular earmark for higher education philanthropists -- more than a third of restricted donations go to financial aid -- such gifts are being sought even more as schools ensure they can afford their much-lauded magnanimity.

Full-text article by Melissa Korn is available via The Wall Street Journal, 5.13.08.