Panel of Experts

Karl Schellscheidt

SAT Prep Expert

  • BSE, Princeton University '90
  • M.A., Secondary Education Seton Hall University '93
  • J.D., University of Pennsylvania Law School '00

Fred Hargadon

Dean of Admission

  • Swarthmore College
    (1964-1969)
  • Stanford University
    (1969-1984)
  • Princeton University
    (1988-2003)

Don Betterton

Financial Aid Expert

  • Director of Financial Aid, Princeton University (1973-2006)
  • Certified College Planner
  • Principal, Betterton College Planning

Seamus Malin

Admission Expert

  • Harvard University
    Dir. of Financial Aid
    (1966-1977)
    Asst. Dean of Admission
    (1977-1987)
    International Office Director
    (1987-2002)

Admissions and the Global Financial Crisis

Karl Schellscheidt

college admissions expert advice from eprep.comA few of my private-tutoring students recently asked me whether colleges today are strongly considering the financial need of applicants when making admission decisions. My response: With college endowments plummeting across the nation, I don’t see how most schools can ignore the financial need of applicants. After all, colleges and universities are businesses.

When I recently asked Peter Van Buskirk of The Admission Game to comment, he offered to share a blog he recently posted on his website. His blog post appears below:

How Should You Check the Financial Aid Box?
The line on applications for admission that makes parents shudder most is the one that reads, “Do you plan to apply for financial aid—Yes or No?” As eager as one might be to check “yes” with the hope of receiving some type of assistance, there is a growing reluctance to do so for fear that checking “yes” might compromise the student’s chances of gaining admission.

This conundrum hits close to home in the current economy when even families who live in relative comfort are suddenly faced with uncertainty regarding cash for college. As the need for some type of assistance (merit scholarships, loans, campus work study) becomes more acute, so does the angst with regard to how that expression of need might be interpreted in the admission process.

Will institutions discriminate in the admission process with regard to a family’s ability to pay? Sure. However, they are not likely to do so based solely on the response to the “Yes/No” question. Rather, they will discriminate at the back end of the process when they have a full view of all the candidates they like as well as the respective financial needs for those candidates. It is at this point when they can see the big picture that they determine how to use available funds to leverage the enrollment of the students whom they value most.

Discriminating against students solely on the basis of who checks “Yes” to the financial aid question would be foolish. Roughly one-third of applicants for admission who check “Yes” indicating that they intend to apply for financial aid either never apply—because they realize they don’t need it—or they do apply and demonstrate that they don’t need it! Discriminating based on a “Yes” response means an admission committee will arbitrarily eliminate one-third of its applicants—many of whom would not have required institutional assistance.

So, what do you do? First, respond honestly. If you think you need assistance, say so. By acknowledging the possibility you enable an admission officer who is interested in your candidacy to track the progress of your financial aid application. If anything is missing, late, or incomplete, s/he can let you know in a timely fashion. And second, trust in the fact that colleges that value you for what you do well will admit you and give you what you need financially in order for you to enroll.

What you DON’T want to do is scheme the process. Don’t pretend to be “rich” by putting all of the money you have saved for college into your first year in order to improve your chances of getting in—and then expect to receive financial aid in subsequent years because you’ll be so darn poor you need it! Colleges budget financial aid for years two, three and four of your enrollment based on the expectations of year one. If you look “rich” when you apply, they expect you to be “rich” in the years that follow. If you plead poverty after your first year without evidence that something catastrophic (serious illness, injury, death, or loss of employment) has affected your family’s financial picture, don’t be surprised if the response of your financial aid officer is simply, “That’s your problem.” This is when families—and students in particular—start borrowing beyond their means to stay in school.

I would like to offer a couple of related thoughts. One, if you know you don’t require institutionally funded need-based assistance but anticipate applying for a Guaranteed Student Loan (Stafford) or you hope to secure a part-time job on campus, be prepared to complete the Free Application for Federal Student Aid (FAFSA) as institutions will use that to determine your eligibility for federally subsidized programs on their respective campuses.

Two, if you would like to be considered for any merit scholarships offered by a college or university, look for evidence that the school in question may actually offer such awards. If they do, find out about the eligibility criterion and protocols for placing yourself into consideration for an award. Most schools will have separate evaluation processes in place to determine merit scholarship recipients apart from the “Yes/No” question discussed previously.

Finally, when in doubt about what to do, check with the financial aid officers of the school(s) in question. It is better to move forward with good information than to discover too late that you have misinterpreted the process.

Special Note! The Best College Fit Membership program is about to launch! Watch for details to learn more about how you can go inside the college planning process with me to find and get into the schools that best fits for you! www.theadmissiongame.com

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
ambien and alcohol ambien for sleep amoxicillin and alcohol amoxicillin and clavulanate buy cialis online cialis is tadalifil generic levitra generic vardenafil cheap phentermine diet with phentermine about soma abuse of soma buy viagra cheap viagra adipex p adipex and alcohol buy-celebrex celebrex-cost buy vicodin get vicodin ativan and alcohol ativan dosage acetaminophen-and-codeine acetaminophen-with-codeine buy finasteride finasteride administration buy ritalin get ritalin basic information about ultram buy tramadol clonazepam and xanax clonazepam dosages buy dexedrine dexedrine cost hydrocodine apap percocet watson 540 buy percocet get percocet buy fluoxetine fluoxetine and alcohol buy valium diazepam and valium alprazolam xanax ativan xanax buy fexofenadine fexofenadine and alcohol cost of fexofenadine atarax dosage atarax side effects ephedrine-and-caffeine ephedrine-doseage buy methylphenidate online methylphenidate cost addiction to oxycontin buy oxycontin buy winstrol deca winstrol benzphetamine didrex benzphetamine hydrochloride buy kamagra online cheap kamagra buy stanozolol stanozolol cycle acomplia diet buy acomplia online

watch Chasing Mavericks online

Watch movie online for free, Download free movies online online watch Rush Hour 2 online watch Notorious online watch watch Drinking Buddies online watch Empire of the Sun online

sites to see movies online

Watch Movie online - Paradise Pantry watch watch Blue Streak online watch Black Hawk Down (2001) online now watch filipino movies online watch Battle for the Planet of the Apes online

watch V/H/S online

HD Watch movie online for free, Download free movies online watch Titanic online watch The Best Man Holiday online cinema watch Resident Evil: Extinction online watch O Brother, Where Art Thou? online

watch The Family online

watch local movie theatres watch Joy Ride online watch Hours online best quality watch What Dreams May Come online watch Alien online

watch documentary films online

Buy Movie - Paradise Pantry HD watch Raging Bull online watch scary movies online film watch Mirrors online rent online films

watch How I Live Now online

new films coming soon film rent and watch movies online watch The Architect online online best site to watch movies online watch pakistani movies online

watch Imaginaerum online

watch funny online videos how to watch movies online watch The Magnificent Seven online film watch movies online now watch The Company You Keep online

watch Wreck-It Ralph online

film watch online watch watch Episode 50 online watch Salmon Fishing in the Yemen online HD watch cartoon movies online watch The War of the Roses online

watch online english movies

video streaming hosting free watch Mulan online watch Gladiatorul online cinema watch Back to the Future Part III online all you see movies online

watch Alice in Wonderland online

100 free movies online best quality watch Rocky (1976) online watch The Campaign online watch watch Dead Man Down: Gustul razbunarii online watch Hook online