Barbie wrote: Light wrote:
Barbie wrote:Not to discredit your research at all, but anyone who gets a scholarship with a stipulation surely considers this automatically... I'm pretty sure everyone who has made it this far academically realizes the risk, at least.
Unfortunately, a great many people who have made it far academically actually don't consider this fully. I didn't. Enough people don't to where an article in the NY times about it is actually big news, I suppose. Moreover, I am wondering how you fully realized the risk of your scholarship without knowing how many people are offered the scholarship (or how many lose it)? That information is among the most relevant and not posted on their website and I don't believe it's on the scholarship offer. The curve (at least the mean) is on the site somewhere. The only thing on the scholarship offer letter is the GPA you need to retain it - which is completely useless info without knowing the curve and how many others have $$$.
(I am confused by how you say 15% WILL lose the aid since the GPA stipulation and percentage of people who receive it means that no required amount of people would lose it... and I don't see how that is possible given the numbers and will assume from here on out that 15% have typically lost it in the past)
25% receive merit aid. If the GPA stipulation is around 3.0 or 3.2, which I expect it to be, is it not true that on any given year NO one could lose their scholarship? It is obviously extremely unlikely, and as you found out 15% probably typically do,.. but since at least 60% of the class could be above 3.0 and only 25% of them could lose anything...? Similarly, they ALL could essentially lose it. So, with the information you provided, aren't you essentially left with the exact same idea that you had before it: This is the GPA I need to get to keep my scholarship. There is a (place required GPA on the curve) __% overall chance that I will lose this scholarship. I guess for me (not that it matters for me), knowing that in the past 15% of people lost their scholarship doesn't really make a difference.
Just for the record, the GPA stipulation is a 3.2 which could be slightly above median. But continue...
Oh and knowing the % that loses their scholarship could, but not necessarily, indicate whether a school section stacks scholarship recipients.
300 total students * 0.25 (% with scholarships) = 75 people with scholarships
75 * 0.15 (% that have lost in past which is not indicative of future retention) = ~11 people lost scholarships
If there are 100 people sections, and more than 50 scholarship people are in one section, then people are bound to lose.
HOWEVER, I think 15% is such a small percentage that it is unlikely that UF section stacks very heavily or at all. At least we know that in the past they haven't put 100% of scholarship recipients in ONE section which is comforting.
When grades come out for current 1Ls, I will follow up with admissions to get the new percentages of scholarship retention for further comparison.