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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Schools rely on alumni for fundraising.  How will this affect a school's donations if there is no such legacy preference? Doesn't this fundraising help financial aide?
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I'm a PP above who gives more to the school without legacy status.

People need to seriously reflect if they know they would give less to their alma mater based on the removal of legacy policies.

Likewise, schools need to find a way to cut this tie while still encouraging people to give. [/quote]

And how do you propose this?   Many many people do contribute just in case their kid(s) want to attend.  It doesn't help really help for admissions I suspect, unless you are contributing in the 6 figures+ yearly. But for those contributing 2-3K/year in hopes it helps their kid get in, that money is what helps pay for merit and FA awards for others.  Donations dwindle, and the colleges that meet "full FA without loans beyond the standard federal $5.5K" will be much smaller.  So it's a catch 22.

Yes---we personally gave $2-3K/year for the 7 years before our kids might apply.  Last kid had the stats/resume/interest, did ED and got deferred and rejected. Did I give this year?  Nope.  Plan to redirect that money to local organizations where I have more control/can see exactly where the money is going. Much better ways to support education than a T10 school---I'd prefer to help at the pre-K/ES/MS level locally in the neediest areas to help provide for those kids so when they finish HS they are on track to attend college.

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Maybe I am an outlier, but I actually have no problem if schools were explicit that they have X number of spots for anyone willing to donate X$$s or above (first come)...imagine it would be at least 7 figures, maybe 8 figures.  Your kid has to meet some minimum qualifications with respect to GPA/Test scores (which you would know ahead of your donation), but you won't be bothered with writing supplementals and all the other BS.  At least it would be transparent to the rest of us...who all know that is happening anyway but behind closed doors.

Get rid of legacy and just make it clear that donating $100 or $1000 or even $10,000 per year is not impactful to these schools, so help more deserving groups somewhere else.

Finally, I imagine that admissions can probably throw out 50% of the applications they receive from kids who really have no business applying to that school.  For the remainder, maybe create some buckets of kids to create geographic and income and whatever diversity (yeah, I know this is still rife with some problems, but just trying to communicate the idea)...and then just pull names out of the buckets for admission.  Admission is kind of a lottery already, so again, just be transparent that it literally will be a lottery.

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