Ooooh this is OP - I’m interested in exactly what sour grapes I possess! |
I just looked up the criteria for my DD’s merit, and it says it’s based on “academic achievement and excellence beyond the classroom.” Awards Range from 5-15k. My daughter got 15k. Is this an individualized award or an algorithm? (I’m guessing I already know your answer) |
There literally are schools where 100% of the accepted students get merit. See a list below: Name State % Freshmen W/out Need Receiving Merit Aid Avg Merit Award Cost of Attendance ('22-'23) Beloit College WI 99 $41,660 $67,172 Albion College MI 100 $39,697 $67,796 Susquehanna University PA 98 $36,317 $70,600 Kalamazoo College MI 96 $36,009 $68,166 Clarkson University NY 100 $35,794 $76,666 Washington & Jefferson College PA 100 $34,857 $45,515 The College of Wooster OH 98 $33,902 $73,550 Washington College MD 100 $33,834 $67,960 Ursinus College PA 97 $33,247 $74,240 Coe College IA 98 $33,182 $63,562 Simpson College IA 100 $32,534 $55,394 Lebannon Valley College PA 98 $32,257 $60,460 Centre College KY 98 $32,217 $60,370 St. Catherine University MN 96 $32,101 $58,764 Wabash College IN 100 $31,853 $61,500 Lawrence University WI 99 $31,503 $66,987 Widener University PA 97 $31,300 $68,148 Agnes Scott College GA 100 $31,127 $61,195 Cornell College IA 99 $30,950 $61,168 Ohio Wesleyan University OH 99 $30,854 $69,443 |
I said MOST schools. 20 out of thousands of schools still supports my statement. Most schools aren’t giving merit to everyone. Just a handful. |
From where I got the list: 'We have shared the top 20 colleges offering the most generous merit aid. However, there are over 340 colleges and universities offering 95% or more of their students without financial need merit aid.' So, 340 colleges out of roughly 3,000 4-year colleges (or call it 10%). That's schools offering 95% or more of the students. I would assume there are many hundreds more if you lowered the threshold to 75% of the students (but I guess I can't speculate). |
So we went from EVERYONE GETS MERIT, to a list where 100, 99, and 98% get merit, and now we’re taking about 75-95% get merit. We could make lists like this for days. My point still stands no matter how hard you try - there is literally a handful of schools that give merit to everyone. |
Sorry, but 95% is basically everyone...and that's 340 schools. That's more than a handful. I strongly doubt anyone from DCUM falls into that 5% not getting anything. |
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The schools that give “merit” to everyone really should just drop their list price. It’s honestly just a discounted price, but this is how they do things, for whatever reason.
To be fair, several of these schools were on my daughter’s list (not the ones listed above, though) |
Ok. You’re right. 95% equals everyone. And 10% is a huge huge number. You got me. |
Are most schools that do this privates? |
Yes |
So what’s the point then? Of the high sticker price but cash for everyone? |
The view that a high sticker price = quality...even though nearly everyone doesn't pay the sticker price. Bridgewater College in VA took the opposite approach. Decided not enough kids were applying with the high sticker price, so dropped tuition by 60% and got rid of merit aid. |
Oh don’t be so triggered and defensive. The award was based on an algorithm that said if we give her X, she will likely bite. Guess what it worked, You’re biting. Congrats on the discounted tuition. A year from now it won’t matter that she couldn’t get into the higher ranked school. |
Rider in NJ also dropped tuition fairly recently, but still gives merit to just about everyone. Just drop to whatever that minimum is and go from there |