Magazine article University Business

You Can't Argue with Success: School Continues Controversial "Half-Off" Program

Magazine article University Business

You Can't Argue with Success: School Continues Controversial "Half-Off" Program

Article excerpt

When something works, you stay with it. Nearly 15 years ago, Lebanon Valley College (Pa.) used a "half-off" sate to prospective students as a way to save the school And despite those who predicted financial ruin because of its "controversial" Presidential Scholarship program, the four-year liberal arts college is now flourishing because of it--more than doubling enrollment, while substantially improving both student quality, and the campus facilities and programs.

The Presidential Scholarship Program offers financial grants based on high school class rank. Students in the top 10 percent of their high school class receive a one-half tuition scholarship, students in the top 20 percent receive a one-third tuition scholarship, and students in the top 30 percent receive a one-quarter tuition scholarship.

According to LVC President Stephen MacDonald, a recent internal study to determine whether the school could continue to afford to otter the program found that it made more fiscal sense than a traditional need-based aid program. …

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