Amherst College No Longer Cares If Your Parents Were There | Personal finance


But these colleges are more the exception than the rule. According to a 2019 report by the American Association of Collegiate Registrars and Admissions Officers, about four in ten private nonprofit colleges consider inheritance status in their admissions decisions. And the practice is more common in the more difficult-to-access colleges – about 75% of colleges that admit less than a quarter of applicants consider alumni status. (About 14% of public universities do.)

Amherst’s policy change, which comes with an roughly 18% increase in financial aid for low- and middle-income students, could push other competitive liberal arts colleges (such as Williams College nearby) to reconsider their former candidates. But Amherst alone is unlikely to cause the rapid fall of a practice long rooted in higher education: College officials who have championed inheritance admissions say applicants admitted as inheritance are no less qualified than others and that politics are important for alumni relations and fundraising.

With the increase in financial aid, Amherst estimates that it will be able to offer scholarships to about 60% of students, and that one in six current students will see their aid increase by more than $ 5,000 per year. .

Source link

Leave A Reply

Your email address will not be published.