Friday, November 24, 2006

Hybrid Scholarships A Bad Idea

Merit scholarships go to students with certain accomplishments. Need-based scholarships go to students with limited means. Some people in Minnesota want to set up a taxpayer-funded merit scholarship that will direct $50 million a year to pay low income students to get good grades in college prep high school courses.

It's a recipe for college tuition inflation. They might just save the $50 million and print up a graph depicting how much more money college graduates make than those who fail to earn degrees. Show the graph repeatedly to middle school kids.

Save the money. Inspire some kids. Call it a day.