Did ED full pay yield better results this year?

[Anonymous]

Anonymous wrote:I'm impressed that a two-Fed family could save that much for two kids! ~300K each kid?

NP here. We are a two fed family and we’ve saved about half (300k). We will cash flow the difference if our two kids pick expensive schools.

[Anonymous]

How? Did you buy your house a long time ago or something? I mean, 2000 was when we bought our first place on GS-9 salaries and we thought $400,000 was so expensive. I don’t mean to sound skeptical or anything, I’m impressed! I feel like we tried to max out on the 529s but things always seemed tight. Again, way to go you.

[Anonymous]

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Anonymous wrote:I love parents who are banking on being full pay to get their kids into college. Y'all really think your money can buy anything.

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

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.

The budgets of the big state schools were still hit by covid. They lost more than most in athletic revenue, as well as dorm & food service. Losing the sale of 100,000+ tickets per game adds up. The University of Texas has a $32 billion endowment, but it can’t be used for operational costs, and they’ve been begging for $$ from alumni, just like everyone else.

[Anonymous]

Anonymous wrote:How? Did you buy your house a long time ago or something? I mean, 2000 was when we bought our first place on GS-9 salaries and we thought $400,000 was so expensive. I don’t mean to sound skeptical or anything, I’m impressed! I feel like we tried to max out on the 529s but things always seemed tight. Again, way to go you.

We are a two fed family also and also have about $300,000 in the 529’s. We’ve contributed 5-10,000/year to get the MD tax deduction. Also bought our house in 2000 for about $450,000. But we’ve been gs-15 for a long time, so that’s probably the difference for the other poster as well.

[Anonymous]

Full pay does not matter for admissions anymore. If it did, schools would not be jumping on bandwagon to eliminate standardize tests.

[Anonymous]

Anonymous wrote:How? Did you buy your house a long time ago or something? I mean, 2000 was when we bought our first place on GS-9 salaries and we thought $400,000 was so expensive. I don’t mean to sound skeptical or anything, I’m impressed! I feel like we tried to max out on the 529s but things always seemed tight. Again, way to go you.

We bought our house for 420k (but we’ve renovated so spent more on it). We save 2,000 in 529s/month.

[Anonymous]

Anonymous wrote:Full pay does not matter for admissions anymore. If it did, schools would not be jumping on bandwagon to eliminate standardize tests.

What does full pay have to do with test scores? Schools are eliminating test scores to increase their overall applications, which allows them to look more selective as they accept “fewer” kids. Full pay is always a consideration at the ED stage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I love parents who are banking on being full pay to get their kids into college. Y'all really think your money can buy anything.

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

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.

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.

Earlier poster up thread and I agree with this. It’s not determinative in any way just a positive factor and not limited to ED. However, with wait lists, it becomes a bigger factor because schools may have already exhausted their financial aid awards.

[Anonymous]

Anonymous wrote:Full pay does not matter for admissions anymore. If it did, schools would not be jumping on bandwagon to eliminate standardize tests.

lololololol