Anonymous wrote:So in light of all of the above, trying to best position 2021 junior who is: full pay, URM, >1500 SAT, lower-than-typical GPA. From where things were prior to coronavirus, a couple of T30s were the reaches for a potential ED. Does the full payer consider aiming higher than they were originally?
Anonymous wrote:Anonymous wrote:To reiterate - I don't resent the colleges from doing what they need, or the parents of 2020 seniors for looking out for their own kids.
I am just thinking to how better position my 2021 Junior who will have reduced college opportunities.
Finally, a sane person.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I assume that, if lots of seniors defer and hold places for next year, there will be fewer slots for next year's applicants. Right?
Colleges and universities will only hold so many spots. Period.
This makes sense but isn't what they're currently telling students.
Anonymous wrote:Anonymous wrote:Yes, in 2021 and probably 2022 it will be highly advantageous to be full pay.
Well, that's good news.
- Parent of Class of '22 B student
Anonymous wrote:Anonymous wrote:I assume that, if lots of seniors defer and hold places for next year, there will be fewer slots for next year's applicants. Right?
Colleges and universities will only hold so many spots. Period.
Anonymous wrote:I assume that, if lots of seniors defer and hold places for next year, there will be fewer slots for next year's applicants. Right?
Anonymous wrote:Yes, in 2021 and probably 2022 it will be highly advantageous to be full pay.
Anonymous wrote:PP here -- both schools have a less than $500 deposit to enroll.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just a guess, but I imagine admission offices might have some hard number of deferments they are not willing to go over. First come, first served sort of approach. Those 2020 who want to defer should get that done ASAP.
Hopefully we'll know more next week perhaps, for schools with May 1 deadlines.
I was speaking with a relative about this. She is a VP for a very well-known and respected university with a >10% acceptance rate. The colleges and universities will only allow a limited number of deferrals. It is a decision they make for financial reasons. Like all businesses, they need the revenue for this upcoming year, not the year after. They aren't going to hold a vast number of student slots open for 1.5 years from now. That would be like Amazon saying, 'Sure, it's fine. We'll hold your TP for you and deliver it in 1.5 years when you're ready to pay.' Nope, not gonna happen.
My DD is in at 3 schools with >10% admit and has talked to them each about deferring. None of them have a problem with it and all have said they have greatly expanded this option for admitted students knowing the uncertainty of the times. She has accepted 1 deferment already and may do another in a few weeks.
How is it possible to accept more than one deferment? Most colleges require an enrollment deposit before deferring, which can only be done at one school. (Some colleges require additional deposits during the coming year, 1-5k)
Anonymous wrote:To reiterate - I don't resent the colleges from doing what they need, or the parents of 2020 seniors for looking out for their own kids.
I am just thinking to how better position my 2021 Junior who will have reduced college opportunities.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Well, sure, but colleges don't mind moving the waitlist.
* students admitted off the waitlist won't be any less academically prepared, just slightly different demographics maybe
* less work to do for next year admissions since a large portion of the class is already pre-admitted from 2020
Once again, losers are not colleges or seniors from 2020. The losers in this game are juniors set to graduate in 2021 who will need to apply to effectively smaller universities.
This does not make any sense.
You are saying parents of 2020 are expected to shoulder two years of colleges' budget. What makes parents of 2020 so specially rich? Colleges need revenue. They need to maximize the number of their paying customers. If anything, they will admit more not less in 2021.
Not the PP, but between both of your posts, maybe the losers are 2021 applicants who need financial aid. 2020 families electing to defer need to make sure all financial aid/scholarships remain in place (which one would expect). Full payers are the winners?
This is my guess as well. If they are lenient with deferrals they are going to really need class of 2021 (and probably 2022 at least) to be full pay. I wouldn't defer for my kid. I don't want them to lose their education momentum. I do understand why people are nervous.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Well, sure, but colleges don't mind moving the waitlist.
* students admitted off the waitlist won't be any less academically prepared, just slightly different demographics maybe
* less work to do for next year admissions since a large portion of the class is already pre-admitted from 2020
Once again, losers are not colleges or seniors from 2020. The losers in this game are juniors set to graduate in 2021 who will need to apply to effectively smaller universities.
This does not make any sense.
You are saying parents of 2020 are expected to shoulder two years of colleges' budget. What makes parents of 2020 so specially rich? Colleges need revenue. They need to maximize the number of their paying customers. If anything, they will admit more not less in 2021.
Not the PP, but between both of your posts, maybe the losers are 2021 applicants who need financial aid. 2020 families electing to defer need to make sure all financial aid/scholarships remain in place (which one would expect). Full payers are the winners?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:To the contrary, class of 2021 will see higher admission rate because colleges need to make up for the revenue shortfall.
They won't allow more than the typical deferrals for 2020 either. They have a big revenue shortfall in 2020. If any, they will move more students off waitlist for 2020 to make up the lost revenue.
This isn't what I'm hearing. Most colleges (especially the top ones) are being very lenient with deferrals.
Johns Hopkins is losing $100M this year and $375M next fiscal year. Carnegie Mellon is losing $28M. All top colleges are losing significant revenues this year and beyond. The number of paying slots in 2020 and 2021 can only increase to make them solvent. If they do allow more deferrals they will have to make up the shortfall by moving the waitlist.
Well, sure, but colleges don't mind moving the waitlist.
* students admitted off the waitlist won't be any less academically prepared, just slightly different demographics maybe
* less work to do for next year admissions since a large portion of the class is already pre-admitted from 2020
Once again, losers are not colleges or seniors from 2020. The losers in this game are juniors set to graduate in 2021 who will need to apply to effectively smaller universities.
This does not make any sense.
You are saying parents of 2020 are expected to shoulder two years of colleges' budget. What makes parents of 2020 so specially rich? Colleges need revenue. They need to maximize the number of their paying customers. If anything, they will admit more not less in 2021.