Wealthy Applicants in Luck

If you’ve got tons of money, then you’re in luck. Many colleges are now looking more favorably on wealthier applicants this year because of fallen endowments.

Students who can pay the full cost will be taken from the transfer or waiting lists, and foreign students with a lot of cash will be admitted more often.

With an increase in financial aid needs, institutions are being mindful of how many scholarship students they can afford. The inevitable result is that the needier students will be shifted down to the less expensive and less prestigious institutions.

By giving more seats to higher-paying students, colleges are trading off their goals to be more socioeconomically diverse. There’s going to be a decline of talented lower-income kids in higher education, and an increase in the amount of affluent kids.