How a Small College Is Targeting Financial Aid to Compete With Flagship Universities

Cornell College, a small private college in Mount Vernon, Iowa, announced on Tuesday that it will provide an annual $30,000 scholarship to students from five surrounding states. Dubbed the “Freeway Scholarship,” it will be available to first-year students from the neighboring states of Wisconsin, Illinois, Missouri, Minnesota, and Nebraska who apply for admission for the 2022-23 school year.