Reply to UChicago Reports Nation's Highest Yield Rate 87.8% for Class of 2027

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[quote=Anonymous][quote=Anonymous]One of the things that drives high yield and that hurts U Chicago in the rankings is that they have a program called Odyssey Scholars, which is one of their crowning achievements . It is funded by U Chicago and pays 100% of financial need.  They really don’t use Pell Grants, so all the Ivies which emphasize Pell Grants got 7.5% increase in the USNews score, even if the kids are only getting $1000 Chicago got close to zero for the Pell grant score because they pay financial aid privately for the $300K it costs to go to U Chicago. I’d take that any day if I needed financial aid regardless of admission round.

So because Pell is heavily weighted in this year’s US News ranking, Chicago fell. They were # 1 in small class sizes and #1 in % of teachers with advanced degrees.

? This doesn’t make sense. The kids qualifying for odyssey scholars (including Questbridge) probably all qualify for Pell. Are you saying UChicago doesn’t accept the pell grant on behalf of the student and instead replaces the minimal Pell grant (max is around $7500) with institutional aid? The ivies and those you mention that “emphasize” Pell grant receive whatever Pell grant amount the student receives from the government which replaces that amount of institutional aid from the school. But students who receive Pell grants, have such high financial need that the institutional aid at HYP and generous meet full need schools still ends up being 60k, 70k or even more depending on the school. My DC qualified for partial Pell grant at HYP and we didn’t do anything after filling out the FAFSA and receiving the financial aid award from the school. The final award showed partial pell grant along with institutional aid. The Pell grant must have just been sent directly to the school and the balance of grants was institutional scholarship/grants.

UChicago requires the FAFSA for financial aid consideration and that is for the purpose of determining if student qualifies for a Pell grant and to be eligible for a federal student loan.

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