No current merit-aid recipients will lose their scholarships, but need-based aid alone will be awarded beginning with students entering in fall 2008.

目前的奖学金获得者不会失去他们的奖学金，但从2008年秋季开始，只会对学生发放助学金。

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A complicating factor is that merit aid has become so popular with middle-income families, who don't qualify for need-based aid, that many have come to depend on it.

一个复杂因素就是，奖学金深受不符合助学金申请条件的中层收入家庭的欢迎，甚至许多这样的家庭对其产生依赖。

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Between 1995-96 and 2003-04, institutional merit aid alone increased 212%, compared with 47% for need-based grants.

在1995-96年到2003-04年间，仅机构绩效奖学金一项就增长了212%，而基于需求的奖学金增长了47%。

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For every additional dollar you make, you lose a certain amount of need-based aid.

FORBES: The Tax Collector With the 47% Rate

Families too wealthy for need-based aid are turning to the tax code to help pay the bill.

FORBES: 10.06.03, 7:00 AM ET

If a student will apply for need-based aid, consider federal aid rules before setting up a 529 as well.

WSJ: Last-Minute 529-Plan Contributions for College