Found Money Is Good Money

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THIS MORNING I WAS RE-READING THIS issue's Money Matters column on endowed scholarships. In discussing the sometimes restrictive criteria these awards carry, Kathy Kurz illustrates one of her favorite examples. The award "required potential candidates to submit an essay about what their Italian heritage meant to them," Kurz writes. "Winners of this award then had to attend a ball in their honor, and the cost of a gown or tuxedo rental was more than the value of the scholarship!"

Later, in one of those weird moments of synchronicity, I got an e-mail from a friend pointing me to a great article on Hufflngton Post called "11 Bizarre But Excellent Scholarships." …