I agree that no one is assured a full ride, or entitled to one. But it is disappointing to see IUB take this route this year. I was seriously considering IUB, because of their scholarships and my being in state, but now that it will be only marginally cheaper, for what I would call far smaller job opportunities post graduation, I just don't think I can justify attending.
Rough estimates but it will still cost over 100 grand to attend with my current scholarship. I really love IUB (my alma mater) but I can't justify 100 grand for a school that places solely in Indiana.
On the other hand, from the school's perspective this is probably smart. Right now, I think we can agree, IUB's ranking is artificially high. So why try and raise it even more? By taking a break from making it rain for a few years, they can save money and have their ranking stabilize and then can return to throwing huge amounts of cash at people when it will actually help them. Their median is 167 this year, I think. Did anyone expect a bunch of 168-170s to attend IUB? Those numbers compete with T14 and schools like WUSTL who give out large scholarships.
So while I am disappinted I applied one year too late, this is probably a winning strategy to increase their rank over an extended period of time.