To: Admissions Committee
\nFrom: Dean of Admissions<\/p>\n
To raise the national reputation of The College, a donor has offered to fund\u00a0a $10,000 merit scholarship to be awarded to an applicant with the \u201chighest academic ranking.” This\u00a0merit award\u00a0may be granted\u00a0regardless of a student’s financial need, and it will increase his\/her odds\u00a0of enrolling at\u00a0The College. However, if you accept this gift, the financial aid budget will decline by $5,000 (from $75,000 to $70,000) because in past years, this donor contributed that amount to the general financial aid fund, and we would not receive those funds in our general budget this year.<\/p>\n
If the Admissions Committee chooses to accept this award, then:
\n1) Decrease your financial aid budget to $70,000
\n2) Define \u201chighest academic ranking\u201d and designate applicants who are eligible to receive this award. You may award it to only one applicant at a time.
\n3) Add this sentence to decision day odds information:
\nMerit award of $10,000 increases the odds of enrollment by 6 percentage points. For example, an applicant who is offered admission with a merit award (34+6=40%) will enroll if the random number falls between 1-40.<\/p>\n
If the Admissions Committee declines this award, then the process remains as-is.<\/p>\n","protected":false},"excerpt":{"rendered":"
To: Admissions Committee From: Dean of Admissions To raise the national reputation of The College, a donor has offered to fund\u00a0a $10,000 merit scholarship to be awarded to an applicant with the \u201chighest academic ranking.” This\u00a0merit award\u00a0may be granted\u00a0regardless of a student’s financial need, and it will increase his\/her odds\u00a0of enrolling at\u00a0The College. However, if … Continue reading Should The College offer a merit award?<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"parent":90,"menu_order":4,"comment_status":"open","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/pages\/2271"}],"collection":[{"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/comments?post=2271"}],"version-history":[{"count":2,"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/pages\/2271\/revisions"}],"predecessor-version":[{"id":2282,"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/pages\/2271\/revisions\/2282"}],"up":[{"embeddable":true,"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/pages\/90"}],"wp:attachment":[{"href":"https:\/\/commons.trincoll.edu\/colorandmoney\/wp-json\/wp\/v2\/media?parent=2271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}