(Part 1 showed how to identify colleges that are likely sources of merit money.)
Now that you know who has the money, you need to target those schools more likely to be giving it away. I do this by looking at information on institutional grants. This is money the school is giving the student and is usually the largest single source of financial aid for an individual student at private schools. Since IPEDS doesn’t require the school to distinguish between need and merit based grants, I also look at the percentage of freshman who receive the institutional grants.