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Reply to "Does applying for Financial Aid hurt chances of Admission at Visitation?"
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[quote=Anonymous][quote=Anonymous]The odds of a student needing FA being accepted are almost certainly lower than a Full Pay applicant. Two thirds of each class accepted has to be full pay. They can’t have a lower percentage of “full pays” because they need those tuition dollars to run the school. Visitation gives $3 million of FA to 125 students (33% of the population of 500) So the average FA award is $24,000 and the tuition is $39,150 or 60%. So the average FA recipient’s family has to come up with the remaining 40% or $15,150. If Visitation give FA larger that 60% to anyone, they have to offset that by either giving less money to other FA applicants or by admitting more “Full Pays”. The big question is how much FA do you need? If you need 75% to 90% to make it work, the odds are stacked against you. [/quote] Finally a good, balanced FA answer. Kudos [/quote]
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