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According to a New York Times article, a collection of surveys indicates that the enrollment of students in lower income brackets at elite universities has not increased since the 1990s. "At a narrower, more elite group of 28 private colleges and universities, including all eight Ivy League members, researchers at Vassar and Williams Colleges found that from 2001 to 2009, a period of major increases in financial aid at those schools, enrollment of students from the bottom 40 percent of family incomes increased from just 10 percent to 11 percent," the article states. The average financial aid package awarded at Penn for the 2013-2014 school year was $41,700. 

Read more at The New York Times...

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