Reply to My DD changed her mind on her ED school

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[quote=Anonymous][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]

I love all of you complaining about the full pay kids. Do you think all of these other kids would get the kind of aid they get without some people paying the full price. Get over it. Be glad somebody can afford it so that others can attend as well.[/quote]

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