Word: discounts
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...kids away from Princeton--or any other college above them in the perceived pecking order. As a result, observes James Monks of M.I.T.'s Consortium on Financing Higher Education, "financial aid is no longer viewed as a charitable means of admitting a 'poor scholar,' but rather as a price discount to which an applicant is entitled and which is subject to negotiating and bargaining...
...kids away from Princeton--or any other college above them in the perceived pecking order. As a result, observes James Monks of M.I.T.'s Consortium on Financing Higher Education, "financial aid is no longer viewed as a charitable means of admitting a 'poor scholar,' but rather as a price discount to which an applicant is entitled and which is subject to negotiating and bargaining...
...Most colleges play the merit-scholarship game with stealth. Many dodge the discount label by proffering merit scholarships that are endowed by private donors and have set qualifications: Emory offers the Scholars Program; Washington University in St. Louis, Mo., has its Honorary Scholars program. The private University of Rochester offers any New York State resident a $5,000 tuition break--one that just happens to make Rochester financially competitive with the better of the campuses of the State University of New York, to which it often loses applicants...
...That discount still yields some attractive PEGS. Take Cisco. It hit $15 last week, giving it a P/E of 26 based on earnings this year of 57[cents]. It's growing at 27% a year for a PEG of 0.96. If earnings come in at 51[cents] and growth slows to 22%, it still has a reasonable PEG of 1.3. On 2002 numbers, the PEG becomes...
...thrifty chic. Penny pinching is back in vogue, even among the rich. Jackie O. shops at the Gap. Christie Brinkley wears plain white men's T shirts. Outside B.J.'s Wholesale Club in Medford, Mass., a white stretch limo waits at the curb while its passengers roam the cavernous discount warehouse. At Tom's Barber Shop in Jacksonville, lawyers and executives sit down next to truckers and shipyard workers for a $6 trim. At Deja Vu, a Palm Beach boutique that sells used designer clothes, women who once sent their maids and drivers to the back door with bundles...