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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]I don't see how the revenue-maximizing rationale for FA can be reconciled with the claim made by at least some elite schools that one's application will be considered without regard to one's need for FA. If that were true, these schools might well end up in the second, "bankrupt" category described by PP. So what is being said here is that OF COURSE financial need is being taken into account, and that schools are looking for a mix of the super rich, the best and brightest (who may or may not need aid) and the middle ground (who are pretty bright and can pay most of their own way). Add to that racially diverse applicants (who may or may not need aid). And what this all means is that the claim that financial need is irrelevant to the admissions decision is itself a lie, in many cases. What am I missing here??[/quote]
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