<p>I haven’t thought it through very carefully, but it does seem possible that, over time, some private schools may need to rethink their “discounting” structure. Its possible that you could wind up with a situation where the only full pays that you enroll are marginal students. In that case, you need to think long and hard about whether you simply ought to just lower the sticker price and abandon the scholarship charade, or at least lower it. I think some schools have begun to do that, but its not easy, and each school has its own demographic, economic, geographic, and academic, that it draws from. </p>
<p>I think the Andover data is pretty interesting, but it also is clearly reflective of a preselected elite academic group. Neither Haverford or Union seems to be a favorite of the recent Andover graduates. </p>