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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks for your observations OP. I have a junior in HS. Hoping I can manage expectations. It seems incredibly tough out there.[/quote]

And never apply anywhere ED.  That just telegraphs a willingness to pay more than you would otherwise have to pay.

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If your family income is such that there's no way in hell you'll get financial aid, this advice does not apply.[/quote]

Or if you have run the NPC and filled out the forms honestly, which is something every family should do, it also does not apply.[/quote]

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You need to understand the difference between financial aid (which need-based and requires applicants' families to fill out intrusive FASFA forms) and merit scholarships, which are awarded without reference to family income.  Merit scholarships are tuition discounts, and all but the top 25 or so private schools award them as a matter of routine.  You don't even have to ask.

At the supposedly elite schools, there aren't as a rule any "merit scholarships" but there are discounts.  Here's how it works:  There are basically two types of students attending these "elite" schools.  One type comes from families wealthy enough, and willing, to pay full sticker price.  The other type is the kid who needs financial aid.  The money for that kid's financial aid comes from the families that pay full-price.

At all private residential colleges, the TRUE cost of attendance is roughly 1/2 of the published sticker price.  So, the schools awarding merit scholarships simply discount their costs so that, on average, all students are paying the true cost.

At the "elite" residential colleges, the TRUE cost is roughly 1/2 the published sticker price.  And, on average, the revenue per student is 1/2 the published sticker price.  But the average revenue per student is attained, in effect, via a redistribution of income.  Rich parents pay for their own kids to attend, and they also pay for kids from families who can't afford to pay.[/quote]

Are you the same guy from the Ivy thread who stopped there when the evidence was posted showing your claim is false?

Regardless, it is, and here is the evidence again:

the school reports that about [b]70% of Harvard students receive some form of financial aid[/b], and claims that students whose parents make less than $65,000 are not expected to contribute any funds, and that “[b]90% of American families would pay the same or less to send their children to Harvard as they would a state school[/b].”

https://www.cnbc.com/2019/04/05/it-costs-78200-to-...hat-students-actually-pay.html[/quote]

You are making the point for me, Holmes.  Now, go check to see how may Harvard undergraduates qualify for Pell grants.  I'll betcha it's 10% or less.

Where do you think the dough comes from to subsidize the Harvard kids who can't pay full price?  Do you think it grows on trees in Harvard Square?

This is nothing more than an income redistribution problem:  How many full-pay students do we need to admit in order to be able to subsidize, to some extent or another, the rest of the students we admit?  Maybe the answer is 30%.  So, we get 30% to pay full freight, and that allows us to subsidize the others -- some modestly, some moderately, a few lavishly -- such that we maintain an average revenue per student equal to approximately 1/2 our published sticker price.

There's a whole new quasi-science devoted to this kind of thing.  It's called enrollment management.[/quote]

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