Reply to Syracuse University issues financial warning as admissions slump: We’re in the red

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Google tells me that Syracuse's discount rate is 45% -- that means (if I'm understanding correctly) that the average student pays only 55% of the 100Kish sticker price.

[b]Wouldn't it be bold for Syracuse, or some other private, to slash cost of attendance, say, by 35%? I'm not sure how the math would math but I think a much lower initial sticker price would attract a lot of donut hole families/ make them competitive with the SEC schools[/b]. . . . [/quote]

This. I would love to see more schools do this.[/quote]

I think the issue is that incomes are very bimodal.  A bunch of kids paying zero or close to it via financial aid and a bunch of kids paying very high rate to cover everything.  There's also some merit on top of that-- I think they essentially try to figure out willingness-to-pay at charge whatever that is.  That's why at some schools it's possible to negotiate financial aid.

So conceptually, I like this model.  But I think the math doesn't math, as you say, because they still have the same # getting a full ride, and they don't have it compensated by the rich kids at the top who are price insensitive.  But I suppose if enrollments go down far enough, the math might change.[/quote]

I'm pretty sure Syracuse is a need-aware school, which means that they don't guarantee to separate admissions decisions from aid decisions, and can't guarantee to meet the full need of all accepted students.  They have had a strong commitment to trying to meet demonstrated need, but if enrollment (and esp. full pay enrollment) is falling, they might need to be more creative about how much aid they offer and to whom it goes.[/quote]

I know two kids from objectively affluent families who can easily afford to pay full tuition, and both were able to negotiate a ton of merit aid far beyond what was initially offered. [/quote]

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