Word: scholarships
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Dates: during 1990-1999
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Thomas Wartmann deserves high marks as well. As a 25-year employee of PepsiCo, he had heard about the company's generous scholarship programs and made a mental note to have Christopher apply for one when the time came. Christopher did apply and "let out a whooping scream" when he won the maximum amount: $8,000. The University of Dayton kicked in $7,500 in scholarship and grant aid (money that won't have to be paid back), leaving the Wartmanns with a bill of just $5,500, which they plan to pay in 10 monthly installments of $550 each...
...history: For more than three decades, something called the Overlap Group, a collaboration of financial-aid officials from the Ivy League and a few other top private colleges, compared notes on scholarship applicants to equalize aid offers and thereby prevent bidding wars over the best and brightest students. Then in the early '90s, the U.S. Justice Department argued that the Overlap Group was essentially engaging in price fixing and forced an end to the program. Now only the government monitors need, through its FAFSA process, and, though the colleges claim their policy is not to award scholarships purely on merit...
...newfound willingness to bargain is even more likely to be found at colleges generally less successful than Yale and Stanford in attracting the most qualified students. Many highly competitive schools have begun to use a thinly disguised form of merit scholarship to land prized applicants. If your family income is not low enough to warrant a need-based scholarship but your daughter is seen as something of an academic catch, she may well be offered an additional stipend to make her decision easier. Don't hesitate...
When applying for aid, however, don't assume that you can go around collecting scholarships from different sources outside the college and still get the same amount from the financial-aid office. Sparlha Swaby of Oyster Bay, N.Y., won a combined $12,000 in scholarship monies and assumed it would simply be tacked onto the more than $20,000 in grants she was getting from Stanford. But Stanford's policy at the time (it has since been changed) was to count that outside help against its own contribution--and so reduced the total awarded Sparlha by more than...
...More girls are competing in sports than ever before, and they have a strong incentive to seek any edge they can. Since 1972, the Federal Government has required colleges and universities to expand women's athletic scholarships to reflect more closely the number of women athletes. The number of full scholarships grew from 0 (yes, zero) in 1972 to nearly 20,000 in 1997. According to Charles Yesalis, a professor of sports science and senior author of the Penn State report, many young women view steroid use as a straightforward investment in their future. "Most of the time, after...