scholarships

Many state-funded, college-based, and private scholarship programs are increasingly basing receipt of financial aid on measures of academic "merit" rather than monetary need. The amount given out by states under "merit" programs now more than doubles the money earmarked for "need-based" scholarships: in early 2001, 13 states offered "merit-based" funding to students that totaled $709 million, while in 1998-99 only $325 million was given out based on financial need.