I have been pleasantly surprised to see a few comments on recent articles asking for a source on the 68% figure that has been flying thick and heavy around need-blind conversations lately. For context, here is an excerpt from a recent controversial speech about donating to Wesleyan:
“Did you know that 68% of any donation earmarked for financial aid gets swept into the general operating budget, and that only 32% of such donations goes to improving the financial aid budget?”
That 68% figure was first circulated in a document produced by Need Blind Wes and distributed during Homecoming Weekend. It is profoundly shocking that the majority of a specified donation would somehow be weaseled into unrestricted funds, isn’t it? Isn’t that illegal?
Well, yes, that would be illegal — except the 68% figure is just flat-out false as described. Incorrect. Inaccurate. Wrong. Or, at the very least, incredibly misleading.