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]

Yes, and the reason they are is because they are unique in offering substantial merit aid to many candidates, including international candidates.  When you do searches on LACs they are at the top of offering merit + ranking.  Many lower ranked LACs offer substantial widespread merit but none above them consistently do--nor do a good many below them.  It's their formula for success, enabled by their large endowment and low COL area.  But they wouldn't be as successful at attracting students without that smart strategy.  [/quote]

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