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 )