Do Merit Scholarships Steal From Low-income Students?

[partyof5]

This is also not true

Because wealthier students don’t depend on merit aid to stay in school, colleges tend to give the most merit aid to students in the freshman year, cutting the aid in subsequent years once a student is safely on campus and reluctant to transfer.

For the most part merit is always renewable for four years. Ive never heard of a school giving a one time freshman merit award.