Reply to Where "full pay" really helps?

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[quote=Anonymous][quote=Anonymous]A recent Your College Bound Kid podcast addressed this and clearly made the case that there are no need blind schools. They all know the financial make up of the class and strive to hit a balance. As a recent financial advisor put it, they didn't get $million/billion endowments by giving away their money. Full pay is absolutely a hook at every point in admissions, but I think it really helps when schools go to their waitlists. [/quote]

I share your skepticism but legally schools that claim to be need blind cannot directly take into account a kid’s financial profile. Need blind schools are not need blind in the sense that they can statistically estimate the profile of the class with the assistance of enrollment management software. So they use zip codes and high schools to make sure that the class as a whole has a lot of full pay kids without knowing the specific details of each applicant. At the end of the day they need to make sure x percent of the class is full pay - you can do that without knowing the specific details of each kid.[/quote]

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