Colleges want students who ‘can pay full price’

by Grace

Here’s a sobering reminder for students working on their college applications now.  It’s number 8 on the list of “10 things the college admissions office won’t tell you”.

We’d rather admit someone who can pay full price

All other things being equal, a full pay student often has a better chance of admission than a student who needs financial aid.

According to the College Board, 10% of college freshmen in 2013 were foreign students. One reason colleges woo these international scholars: Many are wealthy enough to pay the full price of tuition.

At publicly funded state universities, higher tuition for out-of-state students often helps subsidize education for state residents. For example, for an undergraduate at the University of California at Berkeley, in-state tuition is about $13,000 a year; for an out-of-state or foreign student, tuition is about $36,000 a year.

Full pay can be an admissions boost for marginal students.

The interest in full-pay students is so strong that 10 percent of four-year colleges report that the full-pay students they are admitting have lower grades and test scores than do other admitted applicants.

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Daniel Goldstein, “10 things the college admissions office won’t tell you”, MarketWatch, Oct 4, 2014.

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