To the OP directly: Yes, in your DD’s case, regarding the particular school where she is wait listed, it is very posiible, in fact, highly likely, that not being full pay and needing a lot of financial aid has put her at a disadvantage, at this point , in gaining admissions, and will be a factor in clearing the wait list.
Wesleyan is one of a small number of schools that are not need blind in admissions for all of its US citizen, main undergraduate freshman residential class. We do not know exactly how the school uses financial need in its metrics for admissions consideration but it states flat out that it does use it in some way. The information is readily available on the internet, as lists of such schools are out there and their decision to go this route is well documented with ample discussion.
As with most need aware schools, Wesleyan states that most of their admissions decisions are made without regard to financial need but that a minority of those decisions are, due to finding issues. Once they have accepted the students that they want the most and are able to find fully, given their budget, they start waitlisting or declining those students that they cannot offer a a financial aid package commensurate with financial need. That is where your daughter appears to possibly be. It Is not a certainty because there are other possible reasons she is on the waitlist, but that she has not been accepted makes need, in her case, a possible factor. IF that is the case, funds have to open up during the last part of the season, usually from accepted students offered financial declining Wesleyan’s offer,opening up those funds to those on the waitlist.
If you look at Wesleyan financial aid snapshot on the Common Data set , you can see that there having financial need is not an uncommon thing at the school. Wesleyan is one of very few schools that needed full need of their students so that those they choose to go there are better provided for in terms of meeting need than at the vast majority , like way over 90% of the schools in this country. Also note that Wesleyan is a private school and one of the more expensive schools in this country. All of this information is readily available to those looking at colleges as prospects.
Almost all of the colleges in this country are need blind in admissions. Almost none of them make a guarantee to meet full need and very few do , for very few students except for the public commuter type schools. It’s very expensive, particularly for private schools, to waive those high tuition fees AND also cover living expenses of all of the students that they may want to accept. My state has reasonably priced tuition for their state schools and offers many opportunities and programs for state school tuitions to be covered, particularly for those with financial need, but it is very difficult and rare to have penny one of living expenses and other costs funded.
To me, it’s a very obvious thing that applying to a private school with very high costs means that that are additional issues other than straight up admissions. If you cannot afford the costs of these schools, yes, you are at the mercy of their financial aid and scholarship policies. Most of these schools have gone the route of putting more of their money towards funding as many students as they can with financial aid rather than putting the money towards pure merit awards. Some schools have not, preferring to focus on getting the students they most want, and offering them money , regardless of whether they need it. Wesleyan has chosen to focus more on funding those students with need that they accept, but in doing so, at some point in the admissions cycle, it does take need as a factor.
So, yes, financial need plays a big role in admissions to colleges , but not so much at school in the very small niche that Wesleyan occupies. Gaining admissions to a school that does not meet need is a very big and prevalent reason why many students do not go to their first choice schools. Financial aid is not offered based on what the student and family are willing and able to pay. Every single year, at the end of the college admissions cycle, affordability issues come into play even for families deemed not needy at all by the schools. I personally know of a number of families over the years that turned down Wesleyan because they simply could not afford it , given their financial situations and priorities. Wesleyan’s definition of need did not mesh with theirs. They ended up at schools not as high on the desirability list, but more affordable either due to lower sticker price or merit money., usually the matter as these kids were a high caliber group, academically. My son’s close friend went to Tulane instead with a half ride and a number his classmates chose to commute to nearby schools which with some scholarships made it less expensive than 4 years away at what is now costing $80k a year. Still others accepted merit money at schools that were not their first choices but more in line with what their family wanted to pay.
So, absolutely, yes, many student meet her need to a point where yours end up at schools that are not their first choice for monetary reasons. Even if your DD clears the Wesleyan waitlist, and if Wesleyan does offer a financial aid package when that happens , it doesn’t necessarily mean that the aid package will meet family affordability standards, though with a school like Wesleyan, if you have run the NPCs and are willing and able to pay what these schools feel you should be able to afford, the likelihood is high If she should clear the waitlist with zero or otherwise too little aid, it’s likely not going to do her any good in terms of options. So she has to clear the wait list AND get enough financial aid to make attendance there possible.
Families understand that sending their kids to private school preK-12 is expensive, and that private boarding school costs are crazy expensive, and most do not bother to even consider that route for cost reasons alone. But for some reason when it comes to college, there is that expectation that full need and more are met, not only for tuition but for living expenses like room and board. Very few students are going to get that covered. Private schools do use tuition revenue for their expenses and most need that money. So cost does. play a big time in getting the opportunity to go to a private university and to live away from home. Of course, it does.
I’m more concerned about students who flat out cannot afford to go to college due to family situations. For some, commuting is even an onerous expense I’m working in an educational desert right now where, jobs are scarce and transportation options limited so that even going to community college is a financial challenge. It’s terribly unfair what the toll is for these kids to get a college education in proportion to their financial profiles. Private schools are a luxury that are not even in the picture because the vast majority of these kids are not considered top college picks. I saw only a few kids going away to college, hardly any to private schools, and only s handful over 5 years going to private chills up in the selectivity ratings. They are not even in the market for these schools unlike my NY suburb where the majority of kids go to private schools with name recognition and high selectivity rankings. No one here goes to Wesleyan (A hardly any to mine schools) that I know; in NY it is a favorite school on college lists. None of this is fair, IMO.
YOUR DD does have a chance of clearing the Wesleyan waitlist, and there are articles in this forum that give advice that may increase chances in doing so. If she does, knowing this school , she is highly likely to get a financial aid package compatible with the NPC for the school. Hopefully, this happens. My best regards in this matter.