Sure, the problem is not the Ivies and top tech schools, most of which have basically committed to paying full tuition for any admitted student who demonstrates

Sure, the problem is not the Ivies and top tech schools, most of which have basically committed to paying full tuition for any admitted student who demonstrates they couldn't attend without it. But for the many excellent schools without massive endowments, the risk of letting in more qualified "Caa3" applicants over "Aaa" applicants could make a substantial difference on the margins.