Or STJ students are much more vulnerable to family economic difficulties and persevere to return and finish even after being forced to suspend attendance and help out economically at home.
It would be nice only if that were true in a statistically relevant % of the student population. I suspect that the school gives these students substantial grants funded by our most generous alumni, and then socked the student with low cost student loans so that working part time or full time (it seems nearly all my SJU classmates did that) becomes unnecessary. Supporting that postulation is the fact that as soon as subsidized student loans went away, our incoming freshman enrollment dropped precipitously.
This is not to say that we should not be sympathetic to financial woes of our poorest students (the best way to empathize with these students is to write SJU a check today and earmark it for that purpose).
What I am saying is that academically deficiencies far outweigh economic situation. Fordham, Holy Cross, and BC (most Jesuit schools) also have a policy of making up the difference in tuition and that ability of a student to pay. All have markedly better graduation rates because all accept markedly better students.
How does this affect alumni from 10-20-30-40 years ago? By admitting academically deficient students, the school has unintentionally devalued a St. John's degree. Go to any great Catholic University on the upswing - Villanova, Holy Cross, Boston College, or Georgetown, and alumni from a generation ago will laugh and tell you that they couldn't get into those schools today based on their academic credentials back then. However, the value of their degree has dramatically increased over that of an SJU degree. If even for selfish reasons, SJU alums should be concerned about this.
Give a man a crutch, he's a cripple for life.
Give him the opportunity to educate himself, he can become a sprinter.