Reply to Jeff Selingo on people skipping "target schools"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Markets will adjust and Ivy-plus will begin offering more made or reducing cost of attendance in other ways.[/quote]

+1 This!

At some point the 'bubble' will burst and even the Ivy-plus schools will have to adjust as there won't be enough people with the requisite stats and also wealthy enough to pay for 5%+ expense increases per year. Either they'd have to significantly lower standards to let in others who can afford it or get creative with pricing and aid (eg. do what Purdue U. is doing) in order to maintain standards.  Bubbles eventually burst no matter how long it takes, circa 2008 Real Estate.[/quote]
Ivy+ are need blind and meet 100% need. So don't hold your breath for anything to change.[/quote]

“Need blind” worked in the past because the applicant pool for these colleges was naturally skewed to the affluent end of the spectrum. That is why these school have to have a finger on the scale for “first Gen” etc. (because that’s the only way they get significant numbers of those kids). They couldn’t afford to meet full need if the majority of their students needed a full ride, and there aren’t enough of “money is no object” students (unless they lower standards). They need the UMC to continue to believe that their luxury good is worth paying for. [/quote]

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