No. 1 Follows No. 2 in Admissions Change

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Agreeing that early admissions favor the rich, Princeton decided over the weekend to cut its binding early decision program, the Daily Princetonian reports. Princeton's admissions dean said concerns about fairness outweighed concerns about rankings.

Yesterday, officials at Columbia also followed a model, this one set first by Princeton, the Spectator reports. Starting the next academic year, the university will eliminate debt for students with family incomes of $50,000 or lower.