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Which should be a bigger factor in determining financial aid for college?

Amid Rising Costs and Criticism,
Some Colleges Cut Back Merit Aid
By ROBERT TOMSHO
October 11, 2006; Page A1

As colleges and universities consider whether to join Harvard and Princeton in abandoning early-admissions programs, some are also trying to roll back another popular recruiting tool: merit aid.

Colleges offer merit aid, which is typically awarded on the basis of grades, class rank and test scores, to students who ordinarily wouldn't qualify for financial help. Because merit aid can be a deciding factor in these students' choice of schools, it has become a major weapon in the bidding wars among colleges for high achievers who can help boost their national rankings.

Read more at http://online.wsj.com/article/SB116052998822488903 .html