Well, let me give an example of why I think it still matters.
Both Amherst and Bowdoin are also meets need/need blind for Internationals.
In their 2023-24 CDS submissions, Amherst reported an International aid budget of $16,159,297, and Bowdoin reported much less, $6,403,929. They had similar averagesâ$81,202 at Amherst, $77,156 at Bowdoin. So, Bowdoin necessarily had fewer Internationals getting aid, 83 to 199 for Amherst.
OK, so if these were need aware for Internationals colleges, one possibility would be that Bowdoin would just be a lot harder for needy Internationals to get admitted. But they are both need blind.
So instead, Bowdoin is just a lot harder for Internationals generally. Specifically, Bowdoin admitted 73/3921 Internationals, 1.86%. Amherst admitted 134/4955, 2.70%.
With numbers this small it can sometimes be hard to really grasp these distinctions, so another way to put it mathematically is Amherst only admitted about 1 out of 37 Internationals who applied. With Bowdoin, it was about 1 out of 54. That is a pretty significant difference.
And Bowdoin in some sense had no choice. If it had stayed need blind and full need, then admitting more Internationals would have meant needing a much larger International aid budget. Which it was apparently unwilling to provide.
OK, so what about W&L? Well, last we knew, W&L had a $9,635,842 budget for International aid. So, more than Bowdoin, less than Amherst. Their average award was $82,358, so actually the highest yet, but still they had 117 Internationals with aidâagain more than Bowdoin, less than Amherst. They then admitted 67/2714 Internationals, 2.47%, or about 1 in 41. More than Bowdoin, less than Amherst.
Now I do think there are some other things going on here. Like, W&L was getting the fewest International applicants of these three. Amherst the most. And there are many possible reasons for that, but perhaps having a need blind policy was helping Amherst attract more International applicants. Indeed, since Amherst got more than Bowdoin, perhaps having a relatively generous need aid budget was helping Amherst get more than Bowdoin, if only through the mechanism of a relatively favorable International acceptance rate (emphasis on relative).
OK, so what is going to happen with W&L going forward? Well, I think if W&L kept its International aid budget the same, its International acceptance rate might well drop. This could happen simply because it being need blind now might attract more International applications. How that affected needy Internationals in particular is complicated and hard to predictâon the one hand, they would benefit from W&L being need blind, but on the other it could be harder in general for Internationals. So how would that net out for needy Internationals? Hard to say, but the hypothetical of a fixed budget really limits whether that could really net out much better for needy Internationals.
But if W&L expands its International aid budget, then things might net out clearly better for needy Internationals. But how much better? Better than Bowdoin, probably, but better than Amherst? I think that very well could depend on exactly how much they expanded their budget.
Anyway, thatâs my two cents. The more I have looked at this data, the more I have realized how important that budget line ends up in practice.