Do the university admissions and financial aid procedures maybe you have feeling a little weak? Does it seem that the child’s college profession, future earnings possible, and overall pleasure in life is left to the random vagaries of inscrutable admissions and financial aid officers?
Surprise! You might have good luck than you think.
As the child is competing with thousands of other students to be accepted for the university of his or her choice , colleges will also be competing amongst themselves to attract your child.
The brand new York Times recently published the initial report on this particular admissions season’s yield amounts at kunne several dozen popular educational institutions. Although not a commonly known or discussed statistic amongst applicants and their mothers and fathers, the annual yield is an incredibly substantial number to colleges and the admissions offices.
The college’s yield appertains to the percentage of accepted applicants who really choose to enroll at that particular university. Elements being identical, the higher the particular yield, the more appealing a university is perceived to be. Since yield numbers increase, so does which college’s ranking in the various lists from the “top colleges” examined by students and the mothers and fathers. Theoretically, a stronger yield leads to a higher ranking, which leads to a larger and better quality candidate pool, which leads in order to higher admissions selectivity and higher average test scores, which leads to even higher ratings, etc ., etc . The college’s student body quality, prestige, and revenue stream are all intimately associated with its yield.
Although colleges know they’ll by no means achieve 100 percent yield, the goal is perfect for a greater percent of their accepted applicants to enroll each year, thus improving their yield number.
What does this mean for you? In case a college accepts your child, there is a vested fascination with seeing them sign up. Which puts you within a strong position regarding settling scholarship offers . In the event you let a university know that you received a better offer elsewhere and that a small increase in financing will greatly improve your child’s chances of enrolling, you may see an enhancement to the school’s preliminary offer. Naturally , your settlement is more likely to achieve success at educational institutions with lower yields or even yields on a downwards trend than at universities with already high or even improving yields—think Dickinson (25 % yield) or Holy Combination (31 % yield), instead of Harvard (82 % yield) or even Stanford (77 % yield). Even the most elite educational institutions, however , are very aware of their numbers and rankings compared to their chief competitors, so if you can demonstrate to Yale, for example , that Princeton provided you having a higher need-based financial aid offer, Yale may be ready to re-run its calculations to see if it could match Princeton’s offer.
Bottom line: don’t take a college’s first offer. It never affects to ask for a better deal, and understanding concepts like yield can help you make a deal the best offer feasible.