Word: scholarship
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Dates: during 1950-1959
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With the advent of the Harvard National Scholarships, the scholarship stipend, once merely the difference between resources and expenses, became a bid for talent as college administrators started competing for future "Who's Who" candidates. Financial need became secondary during an abusive competition for future success. Like middle aged ladies at an auction, the schools matched bid against bid for promising prizes. Highly sought high school seniors could almost sit back and take their choice of the bids, while needier classmates, also college material, had all too often to be content with an acceptance but no stipend from a college...
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...
...Monro plan for a scholarship clearing house among colleges may go into effect in the Ivy League in the fall of 1955 with the entering class of 1959, it was learned last night...
...College Entrance Examination Board, which appropriated $50,000 for scholarship study last October, has arrived at a preliminary plan which will be voted on at an April 7 meeting...
Last May, Mrs. Etta Dana gave $100,000 for the establishment of a Myer and Etta Dana Scholarship and Aid Fund...