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I was thinking about this myself. In addition to the PR benefit when soliciting alumni donations ("This money is helping needy students") I think there could be
by fovc 9y ago
I was thinking about this myself. In addition to the PR benefit when soliciting alumni donations ("This money is helping needy students") I think there could be a more immediate business reason: I bet a lot of finance types (or otherwise wealthier applicants) don't apply for financial aid (and don't feel bad about not receiving an offer) because there's this myth about it being need based. Now it seems like everyone might as well apply for aid and play coy, especially if they have other offers
- matt4077 9y agoThe idea has always been that admission and aid are separate decisions (for US citizen), and that applying for financial aid would therefore never have negative consequences (beyond the time to fill out the application).
- lnanek2 9y agoYes, but before people believed Standford's lies that aid was needs based, so if they had money from a job or something, they would expect to get nothing and not bother applying. I was in a similar situation, my parents both worked, and was offered nothing in terms of financial aid. Now that we know aid is not needs based, and in fact a lot of aid goes to people with the most finance experience, it makes sense to apply even if you have money already.