does ability to pay always affect college decisions?Answered
Okay, here's the deal. I'm a junior, I've sat down with my parents and used the net calculators, and it turns out that I can probably pay the tuition of any school I get into, besides maybe NYU. I realize that I am very (VERY VERY) lucky that I was born with parents who can pay it, and I recognize that most people do not have what I have. I'm very grateful to my parents. However, I do have a question: Will this positively affect my decisions? I am just curious! I've been doing some research on this, but I haven't quite reached my own conclusion yet. Thanks!
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3 answers
Your ability to pay has absolutely no impact on your admissions chances in most cases; a majority of schools have need-blind admission policies, meaning your ability to pay will not be a factor in admissions. NYU for example is need-blind; applying for financial aid won't lower your odds of getting in.
Hope this helps.
To my knowledge not being able to pay may decrease chance of admittence but being able to pay by itself doesnt increase by itself.
No, it probably won't increase your chances. At least not in any big enough I'd imagine. Like @ajmoshyedi mentioned, most schools have need-blind admissions policies. This means that your ability to pay (or not pay) will not be factored into your chances. There are some schools that have need-aware admissions where your ability to pay might give you a boost but most top schools (I'm assuming you're applying to top schools based on NYU) are need-blind.
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thank you! very helpful :)