With increased aid, Yale woos admitted students
Interviews suggest financial-aid reforms may have convinced more high-school seniors to choose Yale
With the offer of a Robertson Scholarship luring him to Duke University, Dan Ewert needed a reason to choose Yale. When the University announced an overhaul of its financial-aid system this past winter, he got the excuse he needed.
“I was pleasantly surprised with the financial-aid package,” said Ewert, who attends Germantown High School in Germantown, Wis. “For me that made the decision between Yale and Duke a little bit easier. It made it worth it for me.”
Since January, when Yale unveiled its reforms, administrators and students have been speculating about whether — and...
Not in every case. I got some $45,000 in my offer, and that was without a word of Harvard's offer.
If the student truly does "need" it (my family's total annual income is around $40,000), then they will get it.
Under $40,000 ... fine. Its when a kid's family income is $100,000 - $200,000 that the competitive bidding for cross admits takes place.
Sounds like "need-based" financial aid varies based on whether Yale is competing with Harvard or some other school to attract a particular kid.
The "need" involved seems to be Yale's "need" to come up with more dough to avoid losing a cross admit!