Under the exceptions, the student must be carrying at least one-half the normal full-time work load for the course of study that the student is pursuing, as determined by an eligible institution, and be enrolled in a course of study necessary for enrollment in a program leading to a degree, certificate, professional credential or certification from a State that is required for employment as a teacher in an elementary or secondary school in that State.
I read that to mean that people getting teaching credentials are exempt. I donât know about PhDs but most Masters students pay tuition.
I donât know why Princeton is NESCACâs favorite Ivy, but weâd better start a separate thread on the subject of Endowment Tax Exemptions for R1 Universities. Go Tigers!
Change of subject. Do watch Ian Baucomâs address âHello, Middleburyâ. Itâs excellent and a great way to set the agenda on his first official day in the job.
The Bread Loaf seems only to be utilized in the summer, and itâs for other language programs. For the price of the Monterey campus, they could probably expand the Ripton campus and still have money to run the place for years.
Am I understanding this article correctly that wealthy small collegesâsuch as Amherst, Williams, Bowdoin, Hamilton, and others like Davidsonânot only wonât face an increase in the endowment tax, but will be exempt from the current 1.4% tax altogether? These 26 Rich Private Colleges Just Got A Tax Cut From Republicans
With the new law, all schools with under 3,000 students [full-time equivalent tuition-paying students] are exempt from any endowment tax. From the Forbes article:
The Parliamentarian ruled that those three House provisionsâexempting religious-affiliated schools, exempting schools that donât take federal aid, and excluding foreign students from the per capita calculationâdidnât pass the Byrd test.
At that point, Republican senators settled on the 3,000-student threshold in large part to specifically exempt one school from the tax: Hillsdale College, an ultra-conservative, Christian liberal arts college in Hillsdale, Michigan and a GOP darling. It enrolled 1,794 students in 2023, had an endowment worth $584,000 per-student, and notably accepts no federal money, including student aid. (So both the religious exemption and the one for schools taking no federal student aid would have presumably shielded Hillsdale from the endowment taxâbefore the Parliamentarian gave them the thumbs down.)
As well as generous meet need colleges since the threshold is 3,000 tuition paying students⊠at these colleges, full tuition grants could be students whose family makes less than 200k (or itâd be very easy to adjust so that they only have 2,998 tuition paying students)
=> I just ran the Princeton NPC; a full tuition grant is family contribution=25k;
With 215k income, 4 ppl, 1 kid in college, 12k savings/investments, family contribution=28k
With 180k income4 ppl, 1 kid in college, 7k savings/investments, family contribution=20k
Although we donât have data from the CDS about the number of waitlisted students who are offered admission but decline, Iâd guess that the yield for these students is higher than the typical RD yield, and that some colleges use this to their advantage.
Many colleges are sending out a blanket âare you still interested in staying on the WLâ email after all decisions have come out and the May 1 deadline has passed. Why? To know which students are still in play. Can someone who has already been accepted to their dream school indicate theyâre still interested just to score another notch on their belt? Sure. But many will pass.
Obviously many students who really want to get off the WL send additional LOIs and other materials over the summerâanother strong indicator that a student is still in play and would be more likely to accept an offer of admission from the WL.
Iâve also been reading more and more posts on other forums about waitlisted students (whoâve already opted to stay on the WL) getting a call from a college asking if theyâre still interested in attending before an offer of admission is made, then being given a very tight deadline to respond.
If a waitlisted student says upfront, ânoâIâm committed to Yale,â is the college recording this as an official acceptance? They should be and Iâm sure most (like Williams) do, but some may not. The phone call means thereâs no written record of an offer being made.
All this to say that colleges have a pretty good idea of who is more likely to accept an offer of admission after May 1, and will use this information to maximize yield when itâs necessary to go to the WL.
I am not so sure that schools who make a âfeeling outâ Waitlist phone call to a candidate who declines to commit actually record this as an official offer. (This is likely in contrast to an emailed waitlist offer of acceptance.)
Have been privy to a few of these calls with our family and close friends. In these situations, the Admissions phone call wasnât âWeâd like to make you an offer if you are still interested.â It was more along the lines of âIf we made you an offer, would you accept it.â UChicago, Wesleyan, Middlebury, Case, to name several. Given they wanted a commitment even before the verbal offer was made, I doubt these were recorded as offers by Admissions when the candidate response was âno, Iâm committed elsewhere, but thank you for the call.â
To my knowledge, none of the NESCACs record both # of waitlist offers and # of waitlist acceptances. This further suggests that some Admissions offices treat waitlist-related admissions data quite carefully when combining it with overall admissions data.
On another note, Williamsâ yield model must have really misfired last year. 113 is a high number of WL admits for an elite SLAC, but we still donât know if this captures the entirety of its WL offers (the feeling-out phone call that isnât recorded). It probably does since its such a high number, but hard to say for sure.
This is a good point, but the idea of âa good strategy is to stay smallâ applies to almost all elite colleges AND universities in the US. Many elite universities could expand but choose not to, not because of limited resources, but it is hypothesized, to maintain the brand and exclusivity (like Rolex, or Hermes).
