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Reply to "Did anyone else underestimate their DC this application cycle?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. And I think it's because the tide is finally turning a bit, in favor of students. The jig is up, so to speak, in many of these schools' admissions policies. Very different environment from when my older two went through this process 3 and 5 years ago. I have never seen so many kids get off waitlists, for example, and have schools continue to contact them with additional merit money, after the May 1 supposed deadline.[/quote] Let’s be honest about whats happening - it’s all about the money and who is willing to pay what. Many top students choose to follow the money and can be found at many different levels of schools these days - status seekers with deep pockets may not be the brightest, but they will take up spots the really talented kids on a budget turn down. I saw this first hand at our HS. … [/quote] Disagree with this, the very best schools offer fantastic, no-loan aid, and want to fill 20 percent of the class with first gen and 20 percent low income. [/quote] The kids who are “following the money” are not poor kids but high-stats kids whose parents are upper middle class or even upper class according to Pew, but who unfortunately make and/or saved just a little too much to get any aid at the very best schools. Such families can easily save a quarter to half the price of college by going in-state or even, in many cases, to an OOS public school. [/quote] Didn't see a lot of this. The private colleges seem to be going for the clearly full pay, and lower/middle income with AID. I imagine a lot of families who arent' eligible for aid, and don't want to or can't afford full pay at a private college don't bother applying.[/quote] You mean you “don’t see it” in your “imagination”? Kids on the bubble of getting financial aid often apply RD to see what kind of package they’ll get. But you don’t have any way to see their application, or whether they were accepted. All you can see is the waitlists moving, moving, moving, as the expensive colleges work through May to fill their classes. [/quote] P/Y/H and a few others offer aid to families making up to $300,000. For families making more than that, it is more a decision that they don’t want to pay that tuition than they can’t afford it. For private colleges with less generous aid, sure.[/quote] This is true. Smart parents that don’t have millions to burn realize that the long game includes grad and professional degrees. I have kids in their mid to late 20s. One has a top 5 law degree the other is in a top grad school program in their field - both programs carpeted their employment options and earning potential. Most all of their friends also attended a grad program or are currently getting advanced degrees. This goes for Drs, Lawyers, consultants, teachers. Scientists and medical professionals, engineers, annd even HR professionals. The job market is terrible. Even top undergrad programs can land your kid in a low paying dead end job - don’t put all your eggs in an expensive undergrad basket. This is why waitlists are moving … savvy parents know it’s a long game. The ultimate prize is getting them through with zero debt. [/quote] lol, this is not why wait lists are moving. The public schools, like UVA, are the big movers, which is the opposite of your premise.[/quote]
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