Superb Reporting at Bloomberg

Washington -- With this new article on a shady but widespread college financial aid practice, Janet Lorin at Bloomberg News has established herself as one of the nation's leading higher education analysts as well as journalists.

As to the practice of displacement, which essentially takes scholarship money away from financially needy students and puts them deeper into debt, one college aid officer meekly offered up, "Morally, it's a difficult question."

No, this isn't a difficult question. The practice is unethical. It also deceives well-meaning donors to scholarship funds.

Thanks to Janet Lorin for exposing it.