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Reply to "St Anselm’s Abbey School — an AP mill? "
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[quote=Anonymous][quote=Anonymous][quote]Rich families don't want to give the impression that their kids are angling for scholarships from low ranked universities and for this reason they discourage their children from taking AP courses. They can afford full pay to the likes of HYP and in turn HYP like them.[/quote] There is no advantage for full pay applicants at the elite colleges. HYP have need-blind admissions, do not include loans in aid packages, provide financial aid to a majority of their students, and are usually cheaper to attend than public universities for all but the wealthiest families. At Princeton, every student with family income between $160-180k qualified for financial aid with an average grant of nearly $44k. Fully one-third of students from families with income over $250k qualified for financial aid with an average grant of nearly $23k. [/quote] Nonsense. Full-pay students have the luxury of applying early decision without having to compare aid packages. Early decision applicants are accepted at a significantly higher percentage than regular decision. And elite colleges do not always give aid packages to early decision admits that correspond to the estimated family contribution calculator, so whether or not they have need blind admissions, they don't guarantee to fund you. I have a work colleague whose daughter was admitted to Columbia U. early decision last year but expected $15,000 more from the parents than the online calculator estimated - money that they simply couldn't swing. And I am 100% certain that my own (legacy, URM) DC had an edge up in admission to another Ivy last year because DC could apply binding early decision, satisfy two hook criteria, and didn't cost a penny of financial aid.[/quote]
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