<p>Could this discussion transfer itself to a new thread? It’s not really related to the OP’s question. (posting at the same time as Neatoburrito. I was referring to the discussion of the merits of different schools.)</p>
<p>To return to the OP, </p>
<p>
</p>
<p>The Freshmen of the fall of 2008 are the Juniors of spring, 2011. By this summer, 75% of the students enrolled in the fall of 2008 will have graduated. Next year, all of the students, except for repeaters, will have enrolled after the fall of 2008. </p>
<p>If schools budgeted $X for financial aid in March of 2008, by December of 2008, many were faced with $(X + N) (N= increased financial aid to enrolled students). I assume that $X was the sustainable share from the endowment for financial aid. I would assume that $(X + N) would not be sustainable over the long term, barring extraordinary donations from alums. So, the question is, are the schools now returning to $X? Or are they returning to a lower level? </p>
<p>It could be that schools are being very cautious about yield, and the overall FA obligation. I agree with D’Yer Maker, that some spots may open up with FA, if the schools were conservative in their estimates. Some spots may also open up for full-pay students, if some parents decide they can’t stretch the family budget.</p>