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Anonymous wrote:Not to be crass, but I really don't see why schools wouldn't be falling over themselves to accept students who have excellent college preparation, come from a background with means, and a family who obviously values education. They are likely to be full-pay, donate to the school etc. My kids and I just went to public schools and we're not part of this "Big 3" world in any way, but even with all emphasis on increasing first gen, need blind, diversity etc. I would think at the end of the day schools would still reward the relatively small population of kids who go to top private schools with selective college admissions.
Agree. But as a parent of 3 "Big 3" graduates, I see why colleges are just as anxious to fill their classes with Big 3 graduates as those from urban no-name high schools. The Big 3 graduates are a "safe bet." They will contribute to the college community, excel after graduation, and will most likely become consistent and increasingly deep pocket donors.
It's not just the full pay. It's the fact that, as much as the whole first gen/POC/DEI pressures count, the colleges need a core of students who will reliably pay the bills, graduate on time, go on to successful careers, and develop into active and financially reliable alumni. The "Big 3" type of students fulfill that role with less risk than the other categories.
I discount this idea that schools are thinking at all about alumni donations 20 years down the road. AOs are thinking about metrics they are being judged on- diversity, test scores, acceptance rate, yield and staying within the FA budget. Donations down the road will primarily come from the handful of people who hit it big. No way to predict who that will be looking at a 17 year old’s essay. These decisions are made by actual people who are responding to direct pressures - not some committee of wise elders planning decades into the future
I agree with this argument -- and this explains the outcomes as well.
This is 100 percent accurate. Univ fundraising has more or less given up on small donations..over 85 percent of money raised comes from gifts > 5 million at the top schools. The rest is peanuts and wot worth wasting time on. This, in turn, influences admissions attitudes..Curious, PP: Do you work in a Univ fund raising office?
Add to this the reality that top schools have such big endowments now, incremental donations are kind of meaningless. If a $10 billion endowment goes up 10 pct, that is a billion dollars. But how much is that same school raising every year from alumni outside of major gifts? $20 million? Sure the schools keep the fund raising machine going because why not, in the same way a millionaire will use a $5 off coupon when ordering pizza. But it doesn’t really matter. What does matter financially is making sure x percent of customers pay full price, but that percent is less important than it used to be for the schools with mega endowments. FGLI is really a manifestation of these schools having more money than they know what to do with. How many new buildings can you build? These campuses are already non-stop construction zones