> its a weird wealth transfer especially with undergrads You could say the same thing about coupons, or any other mechanism for differential pricing. Also, mo

> its a weird wealth transfer especially with undergrads You could say the same thing about coupons, or any other mechanism for differential pricing. Also, most true scholarship money is not a differential pricing mechanism. Beyond a fixed discount rate offered to basically everyone (this is just the Kohl's "everything is always 60% off for everyone!" thing), most universities use (often endowed) scholarship and grants to maximize the quality of their undergraduate population, not for differential pricing. Giving Student 4.0 with $0 in the bank a full scholarship and giving Student 2.5 with $300,000 in the bank $0 in scholarship is not wealth redistribution. It's merit-based aid. And that describes how a vast majority of scholarships work.