August 2, 2002
With Dollars Tight, States Struggle to Find Money for Merit Scholarships
When more than a dozen states established merit-based scholarship programs during the economic boom of the late 1990s, few questioned whether there was enough cash to support them. But with state budgets getting a lot tighter these days, lawmakers are scrambling to find money for the politically popular scholarships -- and other college-aid programs may pay the price.
Funds for scholarships from Louisiana's Tuition Opportunity Program for Students (TOPS), for instance, were
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