BelknapPoint Merit scholarships are dependent upon high performance and college need, they aren’t dependent upon demonstrated need of applicants or their families so can’t be categorized as need based financial aid.
CU123 wrote: »
The question your getting at is pretty straight forward and I don't think there are very many who don't qualify for FA that get merit aid at the T20 schools that do offer merit aid. Take Duke for example, they offer merit aid in terms of a number of scholarships (Robertson scholarship, etc), however it is fairly rare that a family with income over $300,000 will receive one of those types of scholarships. You will have trouble finding anyone here who fits that category. In the end it really comes down to attracting some tippy top applicants, and if the family has little concern for paying for college its not that big of an incentive to choose Duke over Stanford/Harvard (or any other college that the applicant prefers). It's much more attractive to families whose income is in the $150-250K range.
T20 is a commonly used term for colleges which play musical chairs on well known ranking lists every year