An alternative system is proposed for college students: provide grants in the freshman year, reduce grants and small loans in the second, introduce work-study in the third along with reduced grants and loans, and further increase loan and reduce the grant with work-study in the fourth year. (MSE)

Reasons for opposing no-need scholarships include: (1) educational, not financial, consideration should be the basis for college choice; (2) funds are needed elsewhere; (3) academic achievement should be its own reward; (4) no-need scholarships thwart equal access; (5) they damage higher education's image; (6) they hasten the demise of poorer…