<p>But the other 15% can pay. </p>
<p>So, all you said was 50% of your admitted pool comes from about 15% of the population. I do not know the actual numbers, just using your example above. But, I would be surprised if that is not pretty close. </p>
<p>They do not apply because they do not qualify for it. Plus, a lot fewer students go to $60K schools than people think. </p>
<p>I believe @cptofthehouse gives a more complete answer for you below re demographics.</p>