Reply to Why apply to an Oberlin/Kenyon/Grinnell

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Acceptance rate at Colby and Bowdoin - 9%
Acceptance rate at Hamilton - 14%
Acceptance rate at Bates - 17%

Acceptance rate at Kenyon and Oberlin - 35%
Acceptance rate at Grinnell 11% but fewer east coast applicants than the ones you asked about.

This may be part of your answer.[/quote]

Colby and Bowdoin - no merit aid
Hamilton - no merit aid
Bates - no merit aid

Kenyon and Oberlin - merit aid available 
Grinnell - merit aid available

There you have your answer.
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Colby may not give merit aid but they have committed to being one of the most affordable small colleges in the country.  Families that make less than $150K (which is a lot outside of the DC bubble) pay no more than $15k per year and more than 70% of families receive financial aid.  Plus, the facilities are extraordinary.  It does have the drawback of being in the middle of nowhere.
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That is irrelevant for families in the donut hole.  For them, it's all about merit aid.[/quote]

This seemed false and it is. 46 pct of Colby students receive need based aid in line with most of these schools. Colby’s financial aid is typical among SLACs. https://afa.colby.edu/apply/college-profile/[/quote]
Looks like someone doesn’t know what the donut hole is.[/quote]

Colby says: "Colby College meets 100% of demonstrated need without student loans. Families with a total income of up to $75,000 with typical assets can expect a parent or guardian contribution of $0. Families earning $65,000 to $150,000 with typical assets will have a parent or guardian contribution of $15,000 or less. In recent years, more than 95 percent of families with a total income of $200,000 or less have qualified for financial aid."

The say the annual cost is $86k and it looks like a donut hole family would end up paying $35-50k, which is not terrible considering that lots of "affordable" options are still $40k per year.[/quote]

A donut hole family is a family that doesn't qualify for aid.  They get zero aka a donut hole.  Usually refers to a family that is just above the threshold.[/quote]

A family like mine, with three kids and $225,000 in annual household income, gets zero financial aid. We cannot pay $85,000 per year, times three kids, for undergraduate education. It's not possible.[/quote]

And you are the classic donut hole family. Just enough money to qualify for nothing. I do think those merit aid LACs address an important niche - kids who want to attend a LAC but whose families can’t swing it. And while Bates may in theory be slightly more prestigious than Denison, in the scheme of things they are the same. So it’s great that schools with merit aid policies are out there because not every kid wants to attend a large state school. [/quote]

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