They explicitly said it was to "motivate" students to finish, but I see that as kind of a cop out answer since it's also extremely convenient for them. As for

They explicitly said it was to "motivate" students to finish, but I see that as kind of a cop out answer since it's also extremely convenient for them. As for withdrawal, yes, you should know what you can handle by junior year, but that was just one for-instance. People withdraw for all sorts of reasons (e.g. medical). I can't imagine being too sick to focus on your schoolwork and then having your "scholarship" yanked away from you because of it. Is it better than nothing? Yes. Is it as nice as they made it out to be? No. That's the point here.