Full pay in itself is not a guaranty of admission, but it allows an applicant the option of ED and not have to wait for financial aid...and ED has higher probability of acceptance if gpa/score is high enough |
Affluent, personally successful suckers. |
this is why I work by but off, so my kid will have opportunities. |
Me too, we saved instead of fancy house, vacations and cars. Our priority was our kids' education, and we are not big earners- 2 gvt jobs. Both kids applied ED to top schools and were accepted. No regrets, especially this year when its so crazy. My heart breaks for all those kids with great stats getting WL or rejected. |
You've expressed what I consider excellent values multiple times in a short post. And yet, some on this board would call you a "sucker". I guess just like "Only suckers tip" and "Only suckers pay taxes" or "give to the Red Cross". If so, sign me up for sucker-dom. |
Apart from ED, many schools will consider full pay as a positive factor, particularly now when all schools have taken a huge financial hit from Covid. This effect will probably longer a few years. I can’t believe posters are even questioning this, outside of the schools with huge endowments, finances are tight. |
probably true for SLACs but not for popular public state schools. |
I don’t agree, they had to pay for covid related measures just like everyone else in a year where states are grabbling with budget shortfalls. Taking oos full pay would definitely help the bottom line in places like Michigan and California. |
I think COVID expenses are an entirely insignificant financial issue to a school like Michigan with a $12.4 billion endowment. In fact Michigan's endowment increased by $500 million last year which makes Covid expenses merely a rounding error on their annual endowment growth. |
Isn’t this why state schools charge so much for out of staters though? To make money? Wouldn’t full pay out of state be a plus then ( save for say UVA, UNC and CA schools that are super competitive academically). Are there any big schools where ED full pay would help? |
Other than UVA (beginning again this year) big state schools don't offer ED. |
| I'm impressed that a two-Fed family could save that much for two kids! ~300K each kid? |
Yup. They’re called grants and scholarships. |
Full pay OOS definitely helps at a school like Michigan or other states (anyone else know - this is the only one I know) where state budgets are tight. Even with the huge endowment the OOS money is important to Michigan. You have the have the grades though. It won’t make up for bad grades. It will make the difference between someone who can pay and can’t where there is only a slight grade difference but the minimum (which is high) is met. |
Not every kid can get grants and scholarships. A lot of kids can’t actually. |