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[quote=Anonymous]USC cutting its award from half tuition to $20k

https://morningtrojan.com/p/usc-cuts-national-merit-finalist-scholarship

USC will dramatically reduce a merit scholarship it offers for students who earned elite scores on their high school PSAT exams.

Those students, known as National Merit Finalists, have historically enjoyed half-tuition scholarships — $34,952 this year, according to financial aid documents viewed by Morning, Trojan.

That number is now $20,000.

Students who currently receive the scholarship will not be affected by the roughly 43% reduction, a university spokesperson said.

Still, the cuts will no doubt factor into the college decisions of some of the nation’s highest-performing high school students as the peak of the admissions season approaches.

“The university is diverting more financial support to incoming students with demonstrated need,” the university wrote in a statement. “The new award amount, $20,000 per year, remains one of the largest financial stipends offered to National Merit Finalists by our peers in higher education.”

USC is yet to formally announce the cut. The only reference to the reduction is a document on the school’s undergraduate admissions page, dated December 19, that lists the new value.

https://issuu.com/esdwebm/docs/scholarship_grid_issuu_

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