Embedded Player Once a privilege for the wealthy, elite universities across the U.S. became a reality for students from low-income backgrounds beginning in the 1990s. Institutions like Princeton University and Amherst College implemented no-loan policies with the hope that low-income students would enroll and later graduate debt-free; others bolstered their scholarship offerings.

As a result, racial and socioeconomic diversity have increased on many college campuses. But what actually happens once disadvantaged students get to college?

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