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College and University Discussion
Reply to "Early decision seems like a scam"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]ED is for colleges, recruited athletes, and suckers. [/quote] And for kids who know exactly what they want. [/quote] +1 Every school should have ED so there is no doubt about who will actually enroll if accepted. This would save SO MUCH time and effort on both the students' and the colleges' part.[/quote] Except it makes it impossible to comparison shop based on merit aid. If it were up to me colleges wouldn’t be able to have binding ED and maintain their nonprofit status. I say this as someone who can afford the full cost of a private university for my kids so they’ll likely benefit from ED. [/quote] But nobody is entitled to merit aid. ED matches and the resulting probable guaranteed tuition revenue allows the schools to offer more merit etc later. I think those who are put off by ED are people who try to use ED to game the system themselves like EDing at a high reach or to allay self-imposed anxiety by having a sure thing in the fall rather than a range of choices in the spring. That was not the purpose of ED. Maybe I just have a different perspective because it worked out well for my dc. He EDed to basically a target school and it was his first choice by far and we could pay. Boom done.[/quote] No one is entitled to pay less than $1000 for tooth floss, but it doesn’t happen because we have a free market for tooth floss with competition based on price. ED is a way of stifling competition so schools don’t have to compete on price as much as they otherwise would. That is why I think it should not be allowed even though my kids are exactly the kids who will benefit. [/quote] That makes no sense at all! The people who can still afford to pay $95K+ for schools will still make up a given % at each school. Those who cannot will still not be able to afford it if their kid somehow gets accepted. What does change is the school cannot manage yield as well without ED as they don't know which students really want to attend. So they might end up with X+an extra 400 students when they only want X/can only support X freshman. So your kid will be in a double that is now a forced triple and in classes without seats for them during lectures. Or the school will only get X minus 400 students as freshman matriculation, and they are in financial trouble so tuition next year goes up by 10%+ instead of 3-5%. And now you cannot afford to attend after freshman year. Schools are businesses. Their goal is to fill their freshman class with X students and not vary too much. If they mess that up, there are huge consequences. [/quote] Yes, assuming the price of college is fixed and non-negotiable, this is correct. The part where ED induces you to believe, falsely, that the price of college is fixed and non-negotiable? That’s the scam.[/quote]
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