Word: scholarships
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Julie Mulligan, a senior at New York City's elite Spence School, has a problem many of her college-bound contemporaries would envy. Accepted at five prestigious universities, including Cornell in the Ivy League, she is weighing scholarship offers from two: $10,000 a year from Rice University in Houston, and $25,000 a year from Tulane in New Orleans. Julie's status as an A student with 1520 SATs attracted these offers, even though her father Jerry, a Manhattan lawyer, earns too much to qualify for a financial-aid package based on need...
...weapons in this war are called "merit-based aid" and "preferential packages." The latest skirmish began in February, when Princeton University, whose $8.4 billion endowment is the largest per student of any U.S. college, announced that it would no longer require its scholarship recipients to take out loans as part of aid packages, replacing them with outright grants. This change will save individual students tens of thousands of dollars and make Princeton more attractive than some equally prestigious campuses--unless they match the offer. Some are doing just that...
...Goldman Sachs Foundation (GSF) announced its award of a $1 million grant to the Hispanic Scholarship Fund (HSF) at a Faculty Club reception held last night to honor HSF Scholars at Harvard...
There was another reason for cheer in the midst of sometimes somber talk-the 26 members of the new Harvard chapter of the HSF also received their scholarship checks last night...
However, to another institution, the increase in Pell Grant funding might significantly reduce the burden on their financial aid and scholarship programs...