Mathematical Programming Models for Determining Freshman Scholarship Offers (Classic Reprint) - Tapa dura

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Excerpt from Mathematical Programming Models for Determining Freshman Scholarship Offers

The group of freshman admits who have been classified as financially needy constitute the total population of admitted applicants to which our models pertain. Admits who are considered for scholar ship awards on grounds other than financial need are not included. We shall assume that an admitted applicant's financial need is determined by two estimates: (1) an estimate of a reasonable school and personal expense budget for the normal academic year and (ii) an estimate of the money the admit and his parents can be expected to contribute toward meeting his expenses. The school and personal expense budget, hereafter called the standard budget, is determined by adding up the costs of tui tion, medical insurance, room and board, an allowance for books and mate rials, and a second allowance for miscellaneous expenses. The estimates of the contribution expected from the admit and his parents is based pri marily on an assessment of the Parents Confidential Statement of per sonal finances (submitted through the College Scholarship Service of the College Entrance Examination Board) and on an estimate of the summer earn ings capability of the admit. An admit's need, if any, is defined as the difference between the standard budget and the contribution expected from him and his parents.

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