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Higher Ed in the News

U. of Texas ends merit scholarship program

September 1, 2009

The University of Texas at Austin is opting out of the National Merit Scholarship Program to focus on needs-based financial assistance.

The university has indicated budget pressures were causing it to end its participation in the merit-based program, which awards scholarships to top high school achievers.

"The financial constraints brought about by the economy on families and the university require the redirection of resources to ensure accessibility to UT Austin by all qualified students, regardless of ability to pay," the UT Office of Student Financial Services said in a statement.

The National Merit Scholarship program is run by a nonprofit and supported by companies and individual universities. 

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Read the full story from MSNBC.