You can see the percentages in the CDS (Common Data Set).
Schools like the first three need to pay people to go. Case, as an example, great school, but very very very low yield - so has to buy kids in. Why? They are getting kids who got into higher level schools.
BU, NU, Vandy and Emory are possible but not probable.
Merit - by itself - means nothing. You need to look at cost.
For example, at Northeastern, Section H2A - N of the Common Data Set says Number of students in line a who had no financial need and who were awarded institutional non-need-based scholarship or grant aid (exclude those who were awarded athletic awards and tuition benefits).
454 Freshman got merit aid out of in H2 Line A 2744.
So 1/6.
Line O says the average is $15,600.
So COA is and I’m only using tuition, fees, room and board - $87,450 so if you take off $15,600 - you’re still over $70K a year.
Meanwhile, Florida State as an example - full pay is $35K. Now that’s one example and maybe that school doesn’t fit you.
But what you are looking, as a full pay student, if you are is a budget.
If your budget is $50K, then (and have your folks due the net price calculator to make sure), but there’s no reason to apply to Gtown as they have no merit aid.
And you can apply to NU - but know it’s a Hail Mary to get to $50K.
So first thing is you need a budget - if you truly are concerned with cost - and you pick two schools that you’d like to attend and 100% will achieve that budget. That might be VCU and Temple, as an example.
Then you pick schools that won’t assuredly hit the budget, but are likely - say three more - maybe a U Delaware, U Cincy, U of SC.
Then you can pick a few schools that the odds are against you but it’s not impossible - such as UMD, Wisconsin, Pitt - knowing if they don’t hit, you are not considering them. That’s one thing with a budget - you need to live by it (if you are serious about it). I’d put Northeastern in this bucket. $50K isn’t happening - but there’s potentially a small chance.
I am full pay - my kid knew $50K was the max - so she loved AU - but it came in $57K or so - and I didn’t even have to tell her to take it off. She knew.
Finally, you can throw in a few hail mary’s - full rides - like - it doesn’t work for you on urbanness but the W&L Johnson, SMU Presidential, etc. You have Vandy, Emory, WUSTL - so it’s those types. You know you’re not going but - maybe there’s a scintilla of a chance.
That’s how I would plan and you assume you are certainly going to one of the first two buckets.
Who is not in - someone who 100% cannot achieve the budget - so Gtown, Cornell, Penn, etc. Nothing worse than an acceptance that you can’t afford - except one you knew up front you couldn’t have afforded and applied anyway.
Hope that helps.
PS - you are pre med and even if you don’t go to med school, as a bio or chem major, you’re going to likely be low wage even at top schools - but there’s always exception and there will be at VCU and Gtown.
What you’ll learn is -your major and not your school drives your income potential.