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College and University Discussion
Reply to "My DD changed her mind on her ED school"
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[quote=Anonymous][quote=Anonymous]ED is such a scam. It's to give a leg-up to full pay rich kids and legacies. That's the sole reason for ED's existence. I guarantee that many competitive universities will soon be fill 75%+ of the incoming class with only ED's. I hate it and wish it was banished. [/quote] While that is part of the end results (giving full pay a leg up), ED is really for the schools to maximize yield. Look at how many schools have added ED2 in the past 5 years. That's so they can catch all of the kids who don't get into their ED. Most "top schools" fill over 50% of their incoming class with ED. Some schools with EA even use their ED2 to poll students/encourage students who were deferred to RD to switch to ED2---basically saying if you switch you will get in---the college is worried about their yield. However, ultimately any school that costs ~$75-80K will ultimately end up with a significant percent of full pay students, even if they didn't have ED---unless they have an endowment to give more grants to all students, there will be many families that cannot afford the 75K/year and will be forced to go elsewhere [/quote]
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