This paper uses panel data for the 100 colleges and universities at which the largest number of National Merit Scholarship (NMS) winners enrolled in 2003 to test whether an expansion in the number of institutionally funded NMS winners at an institution is associated with a decline in the number of Pell Grant recipients at the institution. Our…

The Kentucky Education Excellence Scholarship (KEES) is a merit-based scholarship program intended to increase college access, long-term academic commitment, and retention of top students within the state. KEES uses a heavily graduated award structure and both high school grade point average and standardized test scores to establish award amounts.…

Merit-based financial aid has been a growth industry in the United States over the past decade. Much media attention has focused on the use of merit aid by colleges and universities to try to attract academically talented students. In this article, the author argues that merit aid programs are the wrong tools for helping develop a skilled…

The arguments against merit scholarships are presented, and it is urged, instead that achievement be rewarded at the time and place of its occurrence, i.e., locally. (MSE)

The 1990s ushered in a new age in state financial support for college students, with the rise of broad-based merit scholarships. Starting in the South and spreading from there, the premise of the "new generation" of programs was simple--states should be in the business of rewarding student performance, retaining the state's "best…

Discussion of the increasing price competition in higher education provides tables, graphs, and analyses of the higher education market and examines implications of offering attractive financial aid packages to better students. Finds price competition results in a greater concentration of talented students at high-resource schools and declining…

Subsidies to higher education in the United States have long been guided by the belief that policy should encourage college attendance. In principle, if not always in practice, policy has for some time sought to accomplish this by addressing college affordability. General subsidies that keep tuition at public institutions low are coupled with…

The Secretary is adopting as final, with changes, interim final regulations in: 34 CFR part 691 for the Academic Competitiveness Grant (ACG) and National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) programs; 34 CFR part 668 (Student Assistance General Provisions); and 34 CFR part 690 (Federal Pell Grant Program).…

Each year, the National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 37th annual survey, represents data from academic year 2005-06. Data highlights of the survey include: (1) In the 2005-2006 academic year, the states…

The author provides general information on scholarships for students with academic, artistic, and athletic talents. Topics covered include (1) early planning, (2) sources of scholarship information, (3) recruiters, (4) school and other sources of aid, (5) the campus visit, and (6) alternatives to scholarships. A list of references is attached. (CH)

This study used data from the National Postsecondary Student Aid Study (NPSAS) for 1989-90 and 1995-96 to examine the awarding of need-based and merit student financial aid to entering college freshmen by private four-year colleges. Regression analysis used the amount of institutional need-based grant awarded to an individual freshman as a…

Presents a case study that reports on one institution's longitudinal approach to measuring the effectiveness of merit scholarships as a recruitment and retention tool. Describes a method of analysis designed to measure the economic effectiveness of merit awards from the institution's perspective and identifies policy questions related to the use…

Due to the increasing complexity in the financial aid process and the movement of available financial aid up the economic scale, poor people and minorities have less access to college, including engineering programs. Some impediments are lack of access to knowledge about college, increasing complexity and up-front costs in the application process…

This paper investigates the impact of attending college in a state on the probability of working in that state, looking at states' adoption of merit based scholarship programs as a major source of student financial aid. The study uses information on the set of colleges that students applied to as a way to account for selection in college…

Explores how, while there are fears that the new emphasis on merit-based aid comes at the expense of aid to the most needy students, evidence suggests that it has not yet jeopardized need-based aid although it is clearly rapidly increasing. (EV)