At JKLU , we have a very generous scholarship program. We are, after all, a philanthropic venture of a 125-year old very well respected industry house. The university manages its expenses not through tuition income but through the generosity of the members of JK Organization and various other well wishers. But when we offer scholarship to a student seeking admission in one of our programs, parents often use the word "discount" for what we are doing. When we protest, they tell us that this is what every private university does. Give some discount at the time of admission to lock in the admission and then charge full fee for the remaining 2 or 3 years. The so-called scholarship is granted to may be 80% students seeking admission but the continuation of the scholarship in the 2nd year is only 5% or so. I do not know what are the statistics of other private universities/colleges. But I thought we should have full disclosure on how our scholarships operate. So, first of all, the ...