Carla Stough's parents were mighty proud when they learned she would graduate in the top ten of her high school class in Billsburg, Pa. But because money in the family is very tight (Carla's mother is a cook, and her father is disabled), there seemed no possibility that Carla could go on to a top college after graduation. In February, however, the Stoughs heard that she had qualified for special admission to selective Bard College in Annandale-on- Hudson, N.Y. Under the Bard plan, Carla will owe only the modest annual sum of $3,742, which she would have paid at her local...
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