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Reply to "Why don't most of the top LACs offer substantial merit scholarships?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We were happy to allow Grinnell to “buy” our daughter. She turned down Carleton and Williams & Mary for a generous merit aid award even though our income at the time was in the high six figures and we easily could have afforded any college she wanted. It helped that she preferred Grinnell anyway. Man, what a bargain. [/quote] Grinnell is a great school--and has an unusually large endowment and unusually undesirable location (distance-wise from large concentrations of qualified students that is--plenty of LACs have rural/small town locations) so they offer more merit aid than other similarly strong LACs. [/quote] Grinnell had an 11 percent acceptance rate last year. They’re getting plenty of applicants. [/quote] Grinnell College utilizes binding ED 1 and ED 2 to increase yield and to lower rates of admission. Grinnell gets lots of applications due to offering merit grant money to a high percentage of admits and because it is one of a very few schools which offers full need based financial aid to international applicants. A few years ago, a Grinnell professor wrote a scathing criticism of the widespread abuse of alcohol and drugs on campus and the administrations acquiescence of such practices.[/quote]
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