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Reply to "Are schools really need blind?"
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[quote=Anonymous]Any of the top N local schools has more highly qualified full-pay applicants than they have openings. So there is no financial reason why full-pay students would have lower admissions standards. Separately, there are lots of legitimate ways for a non-profit school to spend a large (unrestricted) endowment other than FA. So having such an endowment does not legally force a school to spend it on “generous FA”. Many do so, but it is not the only legal way to spend it while retaining non-profit tax-exempt status.[/quote]
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