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University of Chicago’s Acceptance Rate Plummets to 7.2% for Class of 2022

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Replies to: University of Chicago’s Acceptance Rate Plummets to 7.2% for Class of 2022

  • CU123CU123 Registered User Posts: 2,741 Senior Member
    I think that merit will eventually go away for these three.
  • JBStillFlyingJBStillFlying Registered User Posts: 5,032 Senior Member
    @BrianBoiler to answer your question: UChicago might know how to work the application cycle to its advantage, but it can't create a new version of the cycle itself, nor would it want to. There are two sets of dates established by the "industry": Nov. 1, and Jan. 1. What UChicago has done is taken advantage of the fact that they have two types of applicants for each date: price-sensitive, and non-price-sensitive. Ergo, the four admission plans.

    Now, what they could possibly do is move RD up to a Feb. decision, like they do for EDII - but why would they? If you are price sensitive you want to know where else you got in and what they are offering.

  • 2more2go2more2go Registered User Posts: 39 Junior Member
    @Cue7 is that still true re: large merit at Chicago? They do not give out Stamps anymore, and the other awards that I've heard of are 10-20% discount on tuition. Not a small change, but unlikely to sway someone from HYP by itself.
  • milee30milee30 Registered User Posts: 1,560 Senior Member
    edited May 8
    "large merit at Chicago? They do not give out Stamps anymore, and the other awards that I've heard of are 10-20% discount on tuition. Not a small change, but unlikely to sway someone from HYP by itself. "

    Hard for any of us to know since we don't have access to all the data (we may know of a few that got scholarships or a few that didn't, but that's not a large enough sample to be representative.) But I do know at both the official info session and tour we attended the college reps specifically said multiple times and in both venues that UChicago meets full financial need but not to expect large merit scholarships. The reality may differ, but the admissions office is clearly trying to set the expectation of a needs based but little to no merit environment.
  • JBStillFlyingJBStillFlying Registered User Posts: 5,032 Senior Member
    They got rid of the $4,000 /yr merit guarantee for NMF's in the middle of the application cycle last year so would be very surprised if the amount of merit aid rivals a few years ago. Need-based, however, might be more generous than historically. The fact is that while my D's NMF scholarship was cut in half, her need-based was pretty generous. It all came out a bit better than we were expecting. We clearly have the impression that merit aid isn't what it used to be, but that need-based FA is ample, considering the ranking and selectivity of the school.
  • CU123CU123 Registered User Posts: 2,741 Senior Member
    If you can replace an entire admitted class from one off the waitlist and see no appreciable degradation, why the need for merit scholarships? Personally I would rather see all the FA funds go to meet financial need then any go to merit. In fact I would rather have ALL universities put their FA funds into the FN bucket, no matter how meager. If corporations or philanthropic organizations still want to give scholarships based on merit I have no issue with that, although most don't already.
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