Need-based vs need-blind policy
Cross campus, Yale University
Letter on financial aids for Dr. Lishan Wang’s children
College should not be an immediate issue here considering their family’s current financial situation. For relative decent schools in the United States, need-blind for admission and need-based for financial aid are core policy for college applications. Need-blind means they will accept the applicant solely based on student’s merit regardless of family financial capability to pay; after the decision on admission the college will apply the need-based policy to determine how many financial aid the school will award to each student to cover all of the demonstrated needs. In many schools, their admission and financial aid are completely separate offices (the two offices are located more than ten blocks away at Yale).
All Ivy League schools plus significant numbers of the elite liberal arts schools (see below for the list), as well as Stanford, MIT or Caltech, are strictly need-blind and need-based schools if we believe their statements faithfully. From those above schools, no financial aids giving to students were based on the merit but solely on family’s needs. In another way to describe this policy, rich family like our current president of this organization would, unfortunately, have to pay all of the expenses (more than 200Kof after-tax money) for their sons or daughters to attend Princeton,Dartmouth or Stanford compared to a penny Wang’s son would pay. That is one of the benefits for us to have a liberal campus. Even for some so-called “need awareness” schools such as U Chicago, Duke or Washington University in St. Louis in which they still award the merit scholarships to attract gifted applicants, significant amount of financial aids were also devoted to the family’s demonstrated needs. So lots of strategies could be applied to Wang’s college-bound son, Iwould be happy to provide helps as he is ready to apply colleges.
We are deeply appreciated the contributions from Chen Min and other alumni in Atlanta area in helping Wang’s family to go through this terrible situation.
Colleges that provide financial aid only based on need:
Brown,Dartmouth, Harvard, MIT, Caltech, Columbia, Cornell, Stanford, Yale,Princeton, UPenn, Amerhest, Barnard, Bates, Bowdoin, Bryn Mawr,Buckneil, Colby, Colgate, Eugene Lang, Connecticut College,Gerorgetown, Haverford, Middlebury, Norte Dame, Parsons School of Design, Reed, St. John’s College, Sarah Lawrence College, Trinity University, Tufts, Vassar, Wellesley, Wesleyan, Williams.
Posted 星期一, 05/17/2010 - 17:30 by Fishville
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