Washington and Lee University announced today that it will no longer consider students’ or families’ ability to pay when evaluating applications for undergraduate admission thanks to a $132 million gift from investor, philanthropist, and W&L alumnus William H. “Bill” Miller III.
The announcement is possible thanks to a $132 million gift from investor, philanthropist and W&L alumnus William H. “Bill” Miller III.
Miller’s extraordinary gift is the single largest in the university’s history and one of the largest dedicated to financial aid at any private liberal arts college, and allows W&L to implement a need-blind admissions policy for all undergraduate students while maintaining its existing commitments to meet 100 percent of demonstrated financial need and to do so with aid packages that do not include loans. W&L becomes one of a small number of highly selective colleges and universities able to do all three…