<p>The reality is that schools have a finite budget for FA (they don’t deficit-spend like the gov’t); however, the number of students applying for FA is ~double the number of students who are not applying for FA. </p>
<p>For schools which are not need-blind, the rough rule of thumb is:</p>
<p>full pay applicant admit rate = 2 X average admit rate
FA applicant admit rate = 1/2 X average admit rate</p>