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Reply to "WSJ: the Secrets of Elite College Admissions"
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[quote=Anonymous][quote] In the middle of February, a student’s ability to pay begins to enter the admissions equation. From that moment until decisions are delivered near the end of March, Lafayette takes a much closer look at students with high financial need, a line that is recalibrated every year. In 2019, the line was drawn at $35,000, around half of the total cost of attending Lafayette for a year. To give you a sense of the task facing Lafayette’s admissions officers, consider this: Of Lafayette’s 8,500 U.S. applicants in 2018-19, about 2,200 needed more than $35,000 a year in financial aid. That was roughly the level of need for a family with two children and an annual income of up to $175,000. As he eliminates students from the admit pool, Mr. Hyde is careful to choose applicants with varying levels of financial need. His models tell him that students who get huge financial-aid packages end up enrolling more often than those with smaller awards or no aid at all. It’s a balancing act in meeting enrollment and budget targets. Among those who didn’t make it into Lafayette that year was an applicant from Pennsylvania who ranked fifth in his high school class of more than 600, with a 3.96 GPA and 1450 on the SAT. His financial need to attend Lafayette: $66,810 for his freshman year. Another student kept out of the admit pool was a girl from the West Coast with nine AP classes on her transcript and a 1430 on the SAT. Her financial need: $57,000. In the end, Lafayette rejected 200 students whom the admissions staff had tentatively accepted but then decided the school couldn’t afford. [/quote] got it- don't be poor [/quote]
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