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Grinnell College Keeps Need-Blind Admission Policy

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GRINNELL, Iowa (AP) Leaders at Grinnell College have decided not to scrap its need-blind admissions policy for now.

Grinnell is one of the nation's wealthiest private liberal arts colleges, managing a $1.5 billion endowment that has grown to among the country's largest, thanks to investment advice from former trustee and Omaha billionaire investor Warren Buffett. But the Des Moines Register reports ( that the college's board of trustees had been considering pulling back from its need-blind admissions policy where acceptance is not based on ability to pay because of budget concerns.

On Saturday, the board voted to keep the need-blind policy, but will revisit the issue in the fall of 2015. If the college hasn't made sufficient progress toward fundraising and tuition revenue goals, it may end the need-blind policy.

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