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Reply to "Top 50 schools where full pay makes a difference"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]A T20 AO (retired/now in private college counseling practice) told me that AOs do look "favorably" on certain markers of wealth and that it's inevitable that a large number of successful applicants will always be wealthy and full pay. After all, half the class is full pay. How do they do that each year? Think about it.[/quote] Much has been written about this non-novel idea. Wealthy students have advantages that make them - by far - stronger applicants. It's a self-selecting sample. You claim an AO told you but it is important to note that not one former AO - including the many who have written tell-all books - supports this claim. [quote]"Need blind" is not the same as "need ignorant". There are plenty of “tells” or markers throughout an application that can point pretty firmly in one direction or the other as to whether the person likely applied or would need for FA (including parents' education, professions, and type of school) that don't even get past the biographical info.[/quote] Yes, the privileged class are easy to spot, especially on paper. That does not mean that there is a [b]sneaky conspiracy to admit full pay over equally qualified students with need[/b]. You should not spread this misinformation as it may discourage students from applying or asking for financial aid when it will have no affect on their admissions decision. [/quote] No sneaky conspiracy at all. Not intended for FA families at all. I don't pretend to know anything about it. For wealthy families, there's more than meets the eye in admissions. And, I don't pretend to understand EM. But it is rather interesting that the % of full pay stays around the same each year. Maybe WL do the heavy lifting there? Who knows. [b]I'm sure they have a sophisticated way to do this so we never figure it out. [/b] My takeaway: Just don't hide the wealth - we certainly aren't. And it worked out well for Kid1 into T20. [/quote] The bold part explicitly suggests a sneaky conspiracy. Need blind colleges are need blind in admissions as stated. Please stop with the misinformation.[/quote] Need-Blind Admissions Has Always Been a Lie: https://www.ivycoach.com/the-ivy-coach-blog/college-admissions/the-need-blind-admissions-lie-exposed/ https://www.nbcnews.com/think/amp/ncna1287452 https://www.thedp.com/article/2022/01/upenn-not-need-blind-admissions But this price-fixing cartel has been discussed here before. https://www.reddit.com/r/ApplyingToCollege/comments/19ekf70/top_schools_are_not_really_need_blind/ [/quote] Any other college counselors call out “need blind” as a farce? Mark on YCBK’s last episode (new Penn policy on financial aid) went off and named schools which use home equity in asset calculation - as a way to “pretend” be need blind but actually offer uncompetitive financial aid packages? Was he hinting at this phenomenon?[/quote] Why would they not include home equity in the calculation? If you can afford a home you are doing well and can always take out a second mortgage/heloc to help pay. [/quote] I don’t think Princeton or Stanford include home equity.[/quote]
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