Many colleges award more merit-based scholarship money to athletes than to all other undergraduates combined. Critics say this sends disturbing messages about institutional priorities. Others claim athletic scholarships derive from sports-related income. Awarding of athletic scholarships based on need would partially alleviate the problem. (MSE)

Reports on a $1 billion dollar grant from Bill and Melinda Gates to send 20,000 low-income minority students to college. The Gates Millenium Scholars Program will require students to demonstrate financial need and maintain a 3.0 grade point average in college. A list of the largest private gifts to higher education since 1967 is also provided. (DB)