I think seeing where seniors received scholarships would help the sophomores and juniors know where to look for merit aid, but it didn’t do much good at our school since only a few seniors and their parents were invited to the awards ceremony. Which school the student was going to and the scholarship was not published in the graduation program.
My nephew went to an all boys private school where almost every student went to college immediately after graduation. The program listed the college and the name of the scholarship (President’s, Chancellor’s, Regent’s) but not the amount. If you wanted to go look it up you could.