Reply to Why apply to an Oberlin/Kenyon/Grinnell

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Acceptance rate at Colby and Bowdoin - 9%
Acceptance rate at Hamilton - 14%
Acceptance rate at Bates - 17%

Acceptance rate at Kenyon and Oberlin - 35%
Acceptance rate at Grinnell 11% but fewer east coast applicants than the ones you asked about.

This may be part of your answer.[/quote]

Colby and Bowdoin - no merit aid
Hamilton - no merit aid
Bates - no merit aid

Kenyon and Oberlin - merit aid available 
Grinnell - merit aid available

There you have your answer.
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Colby may not give merit aid but they have committed to being one of the most affordable small colleges in the country.  Families that make less than $150K (which is a lot outside of the DC bubble) pay no more than $15k per year and more than 70% of families receive financial aid.  Plus, the facilities are extraordinary.  It does have the drawback of being in the middle of nowhere.
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That is irrelevant for families in the donut hole.  For them, it's all about merit aid.[/quote]

This seemed false and it is. 46 pct of Colby students receive need based aid in line with most of these schools. Colby’s financial aid is typical among SLACs. https://afa.colby.edu/apply/college-profile/[/quote]
Looks like someone doesn’t know what the donut hole is.[/quote]

Colby says: "Colby College meets 100% of demonstrated need without student loans. Families with a total income of up to $75,000 with typical assets can expect a parent or guardian contribution of $0. Families earning $65,000 to $150,000 with typical assets will have a parent or guardian contribution of $15,000 or less. In recent years, more than 95 percent of families with a total income of $200,000 or less have qualified for financial aid."

The say the annual cost is $86k and it looks like a donut hole family would end up paying $35-50k, which is not terrible considering that lots of "affordable" options are still $40k per year.[/quote]

A donut hole family is a family that doesn't qualify for aid.  They get zero aka a donut hole.  Usually refers to a family that is just above the threshold.[/quote]

A family like mine, with three kids and $225,000 in annual household income, gets zero financial aid. We cannot pay $85,000 per year, times three kids, for undergraduate education. It's not possible.[/quote]

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