Regionality wrote:I've never understood how the idea that "no wl ppl will get money" works. Usually the ppl to withdraw are the ones who were able to gain admittance to a higher ranked school aka "top 14." Ppl with those numbers were almost certainly receiving some money, so I feel like money should always be back in the pot and available in these instances.
Dean Pless, could u elaborate on this? Thanks! (P.S. I'd still be ready to take an offer at a moment's notice, regardless of money!)
I think this is one of the more common misconceptions about admissions out there (at least with how we do it at Illinois). I offer a lot more money than I actually have, knowing that not everyone will accept. (Just like we admit more people than we can actually seat.) We use past year's data to try and predict what the yield will be on offers this year, but it isn't an exact science by any means. It usually means that I am a bit over my scholarship budget when all the second deposits come in. When someone drops out of the class at this point in the cycle I try to replace them and fill the seat, but it doesn't always mean there are funds available for scholarships.