Word: monro
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Within the past few weeks it appears that the free ride is over. Following the suggestion of Harvard's John Monro, eastern colleges have agitated for a central scholarship clearing house, where a paid College Board staff will objectively appraise financial need of applicants, and then determine a joint stipend for the colleges to sue in awarding grants...
...College Boards pass the Monro proposal, the scholarship will return to its prime purpose. Designed to fill the gap between the student's available funds and his expenses, the stipend will no longer be used as lure, often forcing a man to make a decision based on financial preference alone. And the colleges, in awarding more scholarship to more students will benefit by using what has now become wasted money. Monro's clearing house will stop the scrambling and ensure that the successful applicant will always get enough, but never more than enough...
...Monro plan, which was first proposed by Director of the Financial Aid center John U. Monro '34, at a meeting of the College Boards last spring, calls for colleges to set up some sort of clearing house to determine financial need of an applicant and thereby stop abusive bidding among schools for future members...
...After Monro had suggested the idea to the College Boards, and ad hoc committee was appointed to discuss the clearing house. The committee met in Cambridge, and its recommendations were passed in the form of the $50,000 grant...
Working independently of the College Boards, 14 New England colleges at a Brunswick, Maine meeting, voted last October to investigate Monro's proposal and appointed a three man committee to study the problem...