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Should P.Diddy's son return his $54,000 scholarship?

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This was originally asked on npr.

P.Diddy's son was given that merit-based scholarship for having a 3.75 GPA and playing football but at the same time, he comes from a wealthy family. Thoughts? Should Justin Combs return it simply because his family is rich and give it to someone who might actually need it or is the fact that he worked for it justifiable in this case?