<p>Apparently there are "Scholars programs" even at some of the ivies. These may not have merit money per se, but clearly offer valuable experience and benefits to the recipients. <a href="http://www.upenn.edu/curf/bfs/admission.html%5B/url%5D">www.upenn.edu/curf/bfs/admission.html</a></p>
<p>Other examples of select (or elite) programs that have been discussed on various CC threads include the Emory Scholars program, in addition to some prestigious scholarships at Vanderbilt.</p>
<p>These are all programs designed to attract students that may be interested in attending other schools. The "perks" associated with some of these programs may be the deciding factor for some students.</p>