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The Perpetual Scholarship April 1, 1856 |
 The Perpetual Scholarship is a vehicle that has been employed by several fledgling Midwestern colleges to raise much-needed capital. At Monmouth, $100 notes are sold to the public, with the college providing scholarships to the note holders in exchange for six percent interest- about one-fifth the actual cost of tuition. Get 'em while you can! At this price, we can't afford to offer perpetual scholarships forever! |
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