Gates Scholar Program Head Griffith on Displacement

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March 7 (Bloomberg) -- Larry Griffith, vice president of the United Negro College Fund, where he is responsible for the Gates Millennium Scholars Program, talks to Bloomberg’s Janet Lorin in New York, about the use of "displacement" by some of the nation’s wealthiest colleges to rescind aid to poor and minority students once the schools learn they have awards from outside sources. Scholarship programs funded by some of the nation’s biggest donors complain that in some cases, their gifts are boosting a school’s bottom line rather than the students they seek to help. (Source: Bloomberg)