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College and University Discussion
Reply to "Is there any correlation between income and merit aid?"
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[quote=Anonymous]A wealthy family can send their kid anywhere. The college must figure out whether they want this applicant badly enough to entice him or her, and whether the applicant is likely to go elsewhere. Sometimes a college has a good idea of who its rivals are, and knows how much aid to offer to make them think twice. This happened for my kid. He declared an international affairs interest, and applied to Georgetown SFS and GWU Elliott, among others. There are few good programs for that major in the USA, so they all know each other. GW offered just enough merit aid to get costs down to Georgetown, to make themselves a little more appealing. They figured from his profile that he had a chance at being accepted there, and elsewhere in the 65K range, and it was worth it to make an effort. Kid was rejected from SFS, accepted at a bunch of others, but GW merit made it the logical choice. So their strategy worked for my kid. [/quote]
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