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College and University Discussion
Reply to "Swamis: How will economic impact of COVID change college admissions prospects in 5+ years"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Everything will be back to business as usual. College admissions is a good money making machine, perfected over decades with support from congress and the powers that be. There is no way they will let it die. [/quote] How is admissions a "money making machine"? For whom?[/quote] It costs around $40-75 to apply. If a school manages to up their number of students applying and paying the fee, that money goes to the bottom line. For example, Harvard gets about 40K applications per year. At $75 per application, that comes to $3M a year in revenue from admissions. I know there are fee waivers available for kids who cannot afford the $75, but that's a small number and you get the point.[/quote]
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