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Reply to "Recent Admits to Schools - Receive FA?"
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[quote=Anonymous]FA available for “recent admits” depends on what happened with the bulk of offers of admission. Schools have FA budget. They anticipate that a percentage of the class will need FA. (25% is a common percentage). And they have budgeted assuming that the average FA award will be a certain percentage. (50% is often used) If when extending additional offers of admission they think that there is some room left in the FA budget based on what they know is happening with the first group, they might not consider financial need quite so strongly. But it doesn’t make a lot of sense to offer admittance to families that need significant FA if there won’t be much of it left in the budget.[/quote]
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