Many colleges will consider whether an applicant can afford
to pay full tuition
when deciding whether to admit him or her.
This practice—called “need aware” admissions—is very much unfair
to those applicants who need financial
aid (and most
do).
However, it’s also frequently misunderstood. A recent New
York Times article explains that, even at “need aware” colleges, the most
qualified applicants—regardless of financial circumstances—are on the same playing
field. It is qualified applicants on the borderline of being accepted that will
get a boost from their ability to pay the full “sticker price” without aid.
There’s an important takeaway here for those who want aid.
Specifically, if you’re applying to “need aware” colleges, most of them should
resemble “safety
schools” for you—i.e., your credentials (GPA, test
scores, etc.) should comfortably exceed the typical admitted student’s. (Click
here for more info on choosing safeties.)
As you are looking for aid, I’d also suggest that these
schools be ones that offer generous merit
aid to students with relatively strong credentials. (Click
here to search for schools with large merit awards.)
When choosing colleges, be sure to ask them—politely—whether
they are “need aware” (note: “need sensitive” means the same thing). The
alternative is “need blind”—such schools admit all students without regard to
their financial circumstances. Many of these schools, particularly the highly selective
ones, meet the full financial need of all
of their admitted students.
Click
here to read more on the Times.