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College and University Discussion
Reply to "What does “full pay” mean to colleges .. and how do they figure?"
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[quote=Anonymous]The biggest way is to apply ED because then they know you are committed to them. For EA, RD and waitlist , I imagine schools have analytics where they can figure the likelihood of the student attending at that price point based on the profile of the student, amount of demonstrated interest, and historical data if the school is need aware/becomes need aware for WL. Also, you can also see in the CDS for the school how many people applied for aid and how many people were offered need based aid. There was one school, I looked at where 60% did not apply for aid. It’s a step above the DCUM “middle class” when over half the class is coming from families that aren’t even blinking at dropping 80K (no federal loans for kids either) per year likely with multiple kids. And if I knew I was full pay and was willing to paying it, at that school I wouldn’t apply for FA. That seems like knowing you can afford to submit an all cash offer on a house, knowing there is an advantage to all cash offers, but putting financing contingency in the offer.[/quote]
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