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The Aftermath of Merit-based Scholarships

NYTimes:

Though not exactly ordinary, Ms. Ryan’s story is familiar around here. Campus veterans marvel at all the poolside apartments that have sprung up since Georgia popped the income cap off its merit awards. Professors are testing their hypothesis that instead of increasing college enrollment, the state’s $1.7 billion scholarship program has been a blessing for the automobile industry — since so many families roll the savings into buying new cars.

31 October 2002 10:52 am

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