Applications Down At Top Liberal Arts Colleges As More Students Eye State Schools - Russ Mitchell, CBS Evening News

What's different, reports CBS News anchor Russ Mitchell is the economic crisis has left students and parents wondering more than ever about being able to afford the cost of a four year college education - and that has radically changed the pattern of college applications. "Students who need financial aid are applying to a greater variety of schools and are applying to some schools they feel they can definitely afford to go to if nothing comes through for them in terms of financial aid," Siegel saidRecession Alters College Admission Process