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So on a per student basis, the average amount of discount or financial aid spend is $21k at Amherst; $20k at Williams; $19k at Middlebury; and $15.5k at Wesleyan.
The amount that Amherst spends/discounts implies that the real cost at Amherst is $35k per student, even though some kids pay the $56k sticker and others pay zero and others pay somewhere in between.
I feel strongly about this...
This means there is an excellent chance that need won't affect an admission decision.
And Smartalic, though I do agree,as I said above that those who have need should not just cross W off the list for this development, ,there is now not as excellent of a chance for a high need student to get accepted to W as there was, say this past year. Students who need financial aid should have fewer of schools like this on their list, since their chances are lower now, whereas full need kids now have a slight boost in acceptance chances. "Excellent chance" is subjective.
That Wesleyan is doing this does mean that those who are economically disadvantage will be further disadvantaged...
So how is W being more generous to the students they accept? 100% is 100%. Fewer are getting this 100% from this time forward and student who might have been accepted when the school was need blind are going to be rejected and some lucky kids who do not have need that would not have been accepted will be getting the acceptance letter instead. How on earth can this be better, on the whole?
There isn't a peep about revamping the need formula so that it is more generous. This is clearly a cost cutting measure and the cost that is being cut is that for those who need financial aid.