US Colleges Cut Back Merit Aid

October 13, 2006

In the US or Canada , merit scholarships can be a deciding factor for high-achieving applicants who otherwise would not qualify for financial aid. In 2003-4, merit scholarships jumped from 6% to 16% of all US college financial aid. But a Pittsburgh Post-Gazette article on Wednesday reports that a small but growing number of US colleges are trying to reduce their investment in merit aid, and are considering obtaining an antitrust exemption so they can discuss joint action. (See http://www.post-gazette.com/pg/06284/729091-298.stm )