<p>Would really like to see a cite to this article, if you can locate it! My understanding has been that the faculty decides who gets scholarships and a committee reviews the candidates. I’ve never seen reference to money earmarked for specific awards a student has earned.</p>
<p>BTW – the merit $$ at UChicago consists of ~20 full tuition rides (not 100% rides) and about 100 $10k/yr. rides.</p>