Reply to Why don't most of the top LACs offer substantial merit scholarships?

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[quote=Anonymous][quote=Anonymous]Amherst, Williams, Bowdoin, Pomona, Wellesley, Middlebury, Colby, Haverford, Vassar, Carleton, Barnard, Hamilton, and Colgate are just some of the best known examples of LACs that have essentially no merit aid, outside of maybe 1 or 2 $2000 national merit scholarship awards a year from alumni restricted funds.

These schools have some of the highest endowments per students of any institution, making it easily attainable to finance a merit scholarship opportunity covering minimum 20K a year and up to a full ride. The first five schools above all have over 1 million dollar per student. Given that they tend to lose cross admits to top universities, why not offer merit aid to attract the best and brightest to their schools? Several universities already do this to lure in HYPMS level candidates: Duke, Rice, Vanderbilt, Notre Dame, WashU, Emory, and UVA. [/quote]

Carleton gives the $2k/year to all finalists for National Merit (34 last year) and finalists for the National Hispanic Recognition Program: "Students who are finalists in these programs receive a $2,000 award per year for their four years at Carleton as a recognition of the accomplishments of these scholars. Carleton enrolls a significant number of National Merit Scholars — 34 in the class of 2025 alone — and has enrolled more National Merit Scholars than many other small liberal arts colleges for several years."

https://www.carleton.edu/financial-aid/our-approach/

It's true that they don't do other merit aid, but they are generous with financial aid for so-called donut-hole families, as discussed in this earlier thread: https://www.dcurbanmom.com/jforum/posts/list/810650.page

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