The T14 Ranked: Perentage of People Paying Sticker

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Mack.Hambleton
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The T14 Ranked: Perentage of People Paying Sticker

Postby Mack.Hambleton » Mon Mar 09, 2015 11:35 pm

Percentage of students receiving NO grants per ABA 509 reports:

1. Duke 16.7%
2. Chicago 26%
3. Michigan 27%
4. Berkeley 38%
5. Yale 42%
6. Stanford 47.6%
7. Harvard 50.4%
8. Cornell 50.5%
9. Penn 53.6%
10. Northwestern 55.7%
11. Columbia 56.9%
12. UVA 62.2%
13. GULC 63.1%
14. NYU 64%

discuss
Last edited by Mack.Hambleton on Mon Mar 09, 2015 11:40 pm, edited 2 times in total.

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TFALAWL
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby TFALAWL » Mon Mar 09, 2015 11:38 pm

Well, that at least explains why so many of my classmates chose UVA over Duke. Yet, considering that both schools compete for largely the same crop of students, I'm curious why Duke doesn't engage in bidding wars with UVA (anecdotally, they rarely, if ever, match).

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DCfilterDC
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby DCfilterDC » Mon Mar 09, 2015 11:39 pm

TFALAWL wrote:Well, that at least explains why so many of my classmates chose UVA over Duke. Yet, considering that both schools compete for largely the same crop of students, I'm curious why Duke doesn't engage in bidding wars with UVA (anecdotally, they rarely, if ever, match).


You're viewing the list reversed.

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runthetrap1990
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby runthetrap1990 » Mon Mar 09, 2015 11:41 pm

Damn, that many people paying sticker at NYU? I get that's a solid school but I would cry at the thought of sticker in NYC.

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Robb
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Robb » Mon Mar 09, 2015 11:42 pm

When picking a school you shouldn't care what other people are paying, what you're paying is what matters.

Besides, if you want to get an accurate measure for how much money a school doles out you also need to consider average scholarship (which, iirc, tends to be inversely proportional to % receiving scholarships).

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r1tlv50
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby r1tlv50 » Mon Mar 09, 2015 11:44 pm

runthetrap1990 wrote:Damn, that many people paying sticker at NYU? I get that's a solid school but I would cry at the thought of sticker in NYC.


Amen. Don't know if I could sleep at night.

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dabigchina
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby dabigchina » Mon Mar 09, 2015 11:45 pm

I applaud duke making it rain.

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Dog
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Dog » Mon Mar 09, 2015 11:49 pm

dabigchina wrote:I applaud duke making it rain.


The thing about these lists is they don't indicate the amount of the grants. The schools that have more people paying sticker can also have more people with substantial grants (more than half tuition). I've noticed this trend in the reports before.

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runthetrap1990
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby runthetrap1990 » Mon Mar 09, 2015 11:54 pm

Dog wrote:
dabigchina wrote:I applaud duke making it rain.


The thing about these lists is they don't indicate the amount of the grants. The schools that have more people paying sticker can also have more people with substantial grants (more than half tuition). I've noticed this trend in the reports before.


This is a fair point, though I do think, on the grand scheme of not sending out kids shackled in debt, that it is better to spread the wealth over a wide range than confine it to a select few. Just my 2¢, though.

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yomisterd
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby yomisterd » Mon Mar 09, 2015 11:54 pm

is this need-based grants + scholarships or just need-based grants?

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A. Nony Mouse
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby A. Nony Mouse » Mon Mar 09, 2015 11:57 pm

yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.

Julien_Benda
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Julien_Benda » Mon Mar 09, 2015 11:58 pm

Lol nice to see GeorgeTTTown clawing its way up to 13...

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rpupkin
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby rpupkin » Mon Mar 09, 2015 11:59 pm

A. Nony Mouse wrote:
yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.

That can't be right, as each of HYS appears with a sizable % on the list, and none of the three offer merit aid.

It must be merit + need-based aid.

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Mack.Hambleton
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Mack.Hambleton » Tue Mar 10, 2015 12:10 am

It is any grant given from the school. Also most schools median grants are very low like 15-25k

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dabigchina
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby dabigchina » Tue Mar 10, 2015 12:19 am

runthetrap1990 wrote:
Dog wrote:
dabigchina wrote:I applaud duke making it rain.


The thing about these lists is they don't indicate the amount of the grants. The schools that have more people paying sticker can also have more people with substantial grants (more than half tuition). I've noticed this trend in the reports before.


This is a fair point, though I do think, on the grand scheme of not sending out kids shackled in debt, that it is better to spread the wealth over a wide range than confine it to a select few. Just my 2¢, though.


+1 I for one would not feel good about subsidizing full schollies for a handful with sticker tuition. It's more equitable to spread it around in my opinion.

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A. Nony Mouse
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby A. Nony Mouse » Tue Mar 10, 2015 12:27 am

rpupkin wrote:
A. Nony Mouse wrote:
yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.

That can't be right, as each of HYS appears with a sizable % on the list, and none of the three offer merit aid.

It must be merit + need-based aid.

Duh, of course, you're right. I should have said it can't be just need-based.

mvp99
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby mvp99 » Tue Mar 10, 2015 12:28 am

u're missing the point. full scholarships go to deserving individuals. e.g. Eagle scouts with a volunteer exp in south africa with a slightly higher LSAT than the rest.

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sesto elemento
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby sesto elemento » Tue Mar 10, 2015 12:28 am

A. Nony Mouse wrote:
yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.


Penn, UCLA, Boalt, UMich separate need-based aid from merit-aid.

Cornell, Duke, NYU, Columbia lump it together.

Mack.Hambleton wrote:It is any grant given from the school. Also most schools median grants are very low like 15-25k


That's per year though. You could qualify for another 15k-25k need based grant your second year.

03152016
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby 03152016 » Tue Mar 10, 2015 12:28 am

Robb wrote:When picking a school you shouldn't care what other people are paying, what you're paying is what matters.

Besides, if you want to get an accurate measure for how much money a school doles out you also need to consider average scholarship (which, iirc, tends to be inversely proportional to % receiving scholarships).

this is true
imo, getting a $30k grant is virtually the same as paying sticker when sticker debt at repayment is $300k
you have to factor in % receiving scholarships AND grant size

per year, 2013
more stats here: viewtopic.php?f=1&t=225091

UVA $25,000
Yale $22,322
Stanford $21,938
Northwestern $20,000
NYU $20,000
Harvard $19,800
Duke $18,000
Georgetown $18,000
Penn $16,523
Berkeley $16,358
Michigan $15,000
Chicago $15,000
Cornell $15,000
Columbia $12,000

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A. Nony Mouse
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby A. Nony Mouse » Tue Mar 10, 2015 12:30 am

sesto elemento wrote:
A. Nony Mouse wrote:
yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.


Penn, UCLA, Boalt, UMich separate need-based aid from merit-aid.

Do they give any significant amount of need-based aid? (I have no personal experience with this, it just seems that the only schools that are talked about as doing significant need-based are HYS, but I could be wrong.)

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Mack.Hambleton
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Mack.Hambleton » Tue Mar 10, 2015 12:33 am

Penn gave an EDer like 90k need aid just recently

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sesto elemento
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby sesto elemento » Tue Mar 10, 2015 12:34 am

A. Nony Mouse wrote:
sesto elemento wrote:
A. Nony Mouse wrote:
yomisterd wrote:is this need-based grants + scholarships or just need-based grants?

Aren't HYS pretty much the only schools that offer need-based? I would presume this is merit aid.


Penn, UCLA, Boalt, UMich separate need-based aid from merit-aid.

Do they give any significant amount of need-based aid? (I have no personal experience with this, it just seems that the only schools that are talked about as doing significant need-based are HYS, but I could be wrong.)


40k (over 3 years), 20k (1L year, would have to do FAFSA again following year), 22k (same as UCLA), 0k (but had a friend who received 15k, but would also have to do FAFSA).

mvp99
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby mvp99 » Tue Mar 10, 2015 12:36 am

how are "sholarships" actually accounted for? it seems to me they would simply offset an amount due schools dont technically give anything.. this could help explain the fast rate of tuition inflation

03152016
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby 03152016 » Tue Mar 10, 2015 12:38 am

also just building on my last post

consider that in grant size, chi is at the top of the list, nyu at the bottom
yet median chi grant is $45k to nyu's $60k
and median chi debt at graduation is $154k (85% of students) to nyu's $147k (80% of students)

lot of things that could be going on here to account for these results, but my point is that % of people paying sticker isn't that insightful on the whole, at least in isolation from other factors

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Winston1984
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Re: The T14 Ranked: Perentage of People Paying Sticker

Postby Winston1984 » Tue Mar 10, 2015 10:15 am

Brut wrote:also just building on my last post

consider that in grant size, chi is at the top of the list, nyu at the bottom
yet median chi grant is $45k to nyu's $60k
and median chi debt at graduation is $154k (85% of students) to nyu's $147k (80% of students)

lot of things that could be going on here to account for these results, but my point is that % of people paying sticker isn't that insightful on the whole, at least in isolation from other factors

Sorry if this is a dumb question, but what do the percentages mean if it's supposed to be a median? Also, wouldn't median debt at graduation be a more meaningful way of looking at which schools are more cost friendly than the median grant/who is paying sticker?




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