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In: Economics

A recent study found that the overall rate at which colleges "capture" higher Pell grant awards...

A recent study found that the overall rate at which colleges "capture" higher Pell grant awards - that is how much of a student's Pell grant the college keeps instead of using to reduce a student's tuition - is low overall at 12%. But universities that give little institutional aid have much lower capture rates than universities that give out lots of institutional aid. Explain why this happens.

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Rahul Sunny answered 2 years ago
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