More spots for low-income applicants might also mean fewer for the children of alumni, who make up the fund-raising base for universities.

Her bank has set aside $50 million to make loans to low-income applicants that it expects it cannot resell.

The tenants for these subsidized units, with rents ranging from $44 to $1,000 a month, were supposed to be chosen impartially from a waiting list of low-income applicants.

Some companies specifically fund scholarships and grants for low-income applicants.

The report says the category would be open to all of the "disadvantaged" low-income applicants, regardless of race or ethnic background.

The rents are described as moderate, and some of the units will be reserved at still lower rents for low-income applicants.

The group said the bank made no loans to blacks or to low-income applicants in Hudson County, the bank's home base.

Up to 10,000 vouchers for housing aid will be provided to low-income applicants, with only a two- to three-day waiting period, Mr. Cisneros said.

Coincidentally, he says, he sent a letter yesterday to all state-chartered banks and thrift institutions urging them to make their loan standards more flexible for low-income applicants.

This will especially be the case if colleges use funds typically reserved for low-income applicants to help the financially unchallenged.