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.