<p>There is no misinterpretation of the website. It is exactly what the website says. Shipman is NOT a full ride scholarship. It is a fixed amount (previously 15k, this year reduced to 12k) plus full room & board. For instate students 15k plus room & board usually amounts a full ride, though once you are into upper-classman status (junior and senior years), with the recent tuition hike, you will have to pay some amount from your pocket.</p>
<p>However, most of the OOS Shipman scholars also usually qualify for other individual college and departmental scholarships that will reduce the gap.</p>
<p>Source: Daughter is a current full Shipman scholar.</p>