Wow.. most of you guys aren't seeing it now, but this was an absolutely genius move by GULC. And mutually beneficial. Bravo.
This strategy not only helps GULC, but overall it helps applicants as well. For GULC, it's not quite "yield protecting" since the email was only sent to applicants who were already admitted. However, as I saw one poster mention earlier, it could be in one way: It could potentially help applicants enroll who would love to attend GULC, but under standard scholarship offerring practices would have received nothing until someone using scholly $ as leverage withdrew in May/June (past the first and maybe even second seat deposit deadline). This could be a student who had his heart set on GULC, but received maybe 80k from USC and nothing from GULC. 60k would have been enough to bring that applicant to GULC, but since he had nothing, he puts down his seat deposit at USC and goes through the heart-wringing process of detaching himself from his admiration for GULC and falling in love with USC. The only reason he, and another student in his exact same situation, couldn't get that 60k was because GULC gave 120k to a 3.93/174 who was busy using that 120k to negotiate a full-ride out of CCNMVPB and under absolutely no circumstances would have attended G. By the time the 3.93/172 decides to withdraw, those two students that would have gone to GULC with just the 60k have already put down their seat deposits and moved on. Now GULC is out of three applicants. If you were a law school would you give that money to students who had already paid both seat deposits? Law school is a business, so you wouldn't. Then what happens to that 120k that they offered to the 3.93/172? In many cases they end up bringing in a guy off the waitlist with a scholarship. All of a sudden you're sitting in the library at GULC with your three buddies only to find out you had a 3.8/169 and are paying sticker at GULC, while your three 3.6/167 friends received 40k scholarships off the waitlist.
I don't know if you guys read that article from not too long ago in maybe summer/fall 2012 when Dean Z was stating that things have gotten so competitive that students who wouldn't have even been admitted to certain schools are getting into those same schools with extremely large scholarships. Therefore, resulting in a good number of applicants with less competitive applications receiving fairly larger scholarships than their more competitive peers. I also believe that in that same article either she, or another dean, said that it wouldn't be long until law schools figured out a way to combat that problem. Whether or not this was part of the reasoning behind GULC's decision to go about their scholarship process this way, I think what will end up being a by-product of it is at least a partial solution to the problem Dean Z was referencing.
ETA: Fixed a typo in the last line.
Last edited by TrialLawyer16
on Thu Feb 14, 2013 7:40 pm, edited 1 time in total.