Word: discounted
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Dates: during 1900-1909
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...reference to the popular impression that the College is burdened with scholarships and that a surplussage of such aid tends to place a discount on real deserts, the Dean makes a most enlightening and authoritative statement. By far the greater part of the work done in the College is done by men who are absolutely independent. It is not money alone which stimulates men in scholarly pursuits, all of which is very commendable and perhaps natural. But it is not so well known that "many deserving and needy students fail to win any scholarships; and that there...