Scholarship Changes

[MyGoalIsMD]

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Is it common for an undergraduate institution to raise the scholarship amount for incoming freshmen without updating the amounts for the current students? For example, I receive $1,000 per year for a 3.7 HS GPA and 26 on the ACT. Incoming freshmen this upcoming year will receive $2500 per year for a 3.7 HS GPA and 26 on the ACT. The scholarship department said that I would not get an increased amount. Has this happened to anyone else? Sorry if this is an idiotic question.

 

[lord_jeebus]

Such scholarships are recruitment tools, and as you have already been recruited, allocating more money to your scholarship serves no purpose for your school.

 

[mikecougarmd]

In my case my scholarship was a percentage amount so it went up along with tuition as an undergrad. My sister, however, was given a full-tuition scholarship at a different school but they did not increase the dollar amount as tuition increased so by the end it wasn't nearly so nice. I think it can go both ways.