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The Economy and Admissions
Yes, the economy has had an impact on college admissions… but there are more opportunities than ever if you will just look beyond the headlines!
Most of us think the economic downturn has made the dream of college too expensive for many students and families. We can see this trend every time we open the newspaper and read an article about students rushing to apply to state universities instead of private colleges and universities. The real truth is: this is a great time to apply to private colleges! Most private universities and colleges were very nervous during the past admission round… and will continue to be nervous for the 2010 admission season. Several private colleges went to their waitlists very early this year. While the state schools saw record applications for the Fall 2009 semester (and had a record number of denials), some of the “best kept secret” colleges were looking for students. These schools dipped into their endowments and offered tremendous merit aid, scholarships, and financial aid. I believe this trend will continue into the next year.
The state school that used to be a “back up”, or was viewed by many as the least expensive option, is now harder to get into than ever.
When you are looking for that perfect college fit…do not rule out the smaller private colleges and universities! If you need financial aid and/or merit aid (and scholarships!) include some smaller privates on your list! Do not be afraid of the price tag because you may be surprised at the financial packages they offer! Students and families need to realize that the uncertain economic climate is offering students the opportunity to attend private liberal arts colleges and universities for a public university price. Students have more options than ever!