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College and University Discussion
Reply to "Need Blind Is A Farce"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How do people not realize full pay is a huge hook. The full pay student will get chosen over the student who need aid. [/quote] Not really. There are so many full pay families! Plus families willing to take loans. [/quote] No of US households ~ 130 mil No of 90+ percentile households ~ < 10 % of total ~ say 10 mil households ( assume that only 90+ percentile will be full pay) No of 90+ percentile households w a HS senior in the family ~ ( 1-2% of these so ~ 100000-200000 families ( note there was a bulge for 2006/2007 born) Now no of seniors w/ SAT/ACT score in the 95 + percentile - given that 3.5 million students take them every year -would be ~ 35000 . Assuming the students from higher net worth families do twice as good on SAT /ACT , the number of seniors from 90+ percentile net worth families in that category would be ~ 10000- 20000 every year . Now total no of. T20 seats available after accounting for legacy/donor+urm+ sports + low income students is in the range of ~ 20000 seats . So it follows that there are not that many families that can be full pay and that have students with excellent SAT/ACT. So full pay definitely is a big boost.[/quote]
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