Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Are Ivy League colleges targeting smart, middle class students to scam them?
My kids are smart, smarter than average but by no means little geniuses. When my oldest received a letter from an Ivy League college "We are writing to ask you to apply at xyz...", I felt proud. Then my daughter explained to me that she'd have to pay $75 to apply and that her chances to get accepted are very low.
I did the math. If the college gets 20,000 students to apply, they'll rake in $1.5 million dollars in application fees! Of course, parents want the best for their kids and when an Ivy League college writes "We are asking you to apply", I think, most parents would get all excited and encourage their child to apply, thinking that their child truly has a shot at getting accepted. The school also included information that if the family's income is below $60K/year, the student won't have to pay tuition or room & board.
The more I think about this, the more ticked off I get. I almost fell for their scam. Of course, scamming people by exploiting their vanity has been around for a long time but I would have never expected this from universities... Several Ivy League schools wrote to my daughter. Is scamming smart, middle class students a type of fundraiser for them?
The letters are not from third-party scammers. Even if the schools are sending the letters for the sake of "geographical diversity" (our state ranks near the very bottom in education), these people are exploiting parents and students. If they truly just do it for the diversity, they'd include a fee waiver or at the very least, a voucher for a reduced application fee. It doesn't cost $75 to process one application.
5 Answers
- desmeranLv 78 years agoFavorite Answer
Ivy league colleges have big endowments, high tuitions, and wealthy alumni, all of which are better ways for them to get money than an uncertain number of $75 application fees. They also have big budgets for which a million is generally a drop in the bucket. Plus, processing all those applications takes a lot of staff, who require salaries and benefits. So no, I wouldn't expect it's to be in that business as a revenue-producer.
They do, however, generally make some outreach efforts in the name of racial or ethnic or geographical or financial diversity in the applicant pool, so that might explain your letters (assuming they actually came from the college and not some third-party organization trying to scam parents)
- ?Lv 45 years ago
Unless you're going to college to become a doctor, lawyer, CPA, etc, all college really teaches you is to research and how to continue learning and it shows you put forth the time, effort, and expense to get a degree. After the establishment of the US Department of Education, college tuition went up in price significantly. In the 70's it cost about $600 a year to attend Harvard. Now its over $36,000 a year. The colleges charge more to provide things like rock climbing walls and little extras that have nothing to do with education. Maybe it is to limit who can even get in because few people can work their way through college anymore. There are over a trillion dollars in outstanding loans owed to the government. These young people graduate and get the same jobs kids used to get right out of high school. How will they ever pay those loans back? Most people don't dream of becoming rich. They just do the basics so they can live a decent life.
- ?Lv 68 years ago
You know, this is actually a very good question, and I have half of a hypothesis.
I'll be back with the other half after I research if my theory is true, but I do know that many colleges, even Ivy League colleges, are offering free online classes for undergraduates.
I am wondering if this is how they are funding them.
I will research.
But I also do know that there is always an application fee for every application.
If I recall correctly, it's in the $25-$50 range though.
Be right back.
~~~~~~~~~~~~~~~~~
uh-oh.
I think I may be wrong.
well, joke of the day:
what has two thumbs and is slightly suspicious of everything that's "free" ?
<-------- DIS GUY !!!!!!!!!!!!!!!!!!!!!!!!!!!!
I am a girl , but Dis Girl just doesn't sound as cool as Dis Guy .
- yLv 78 years ago
They certainly won't call it that but with the thousands that are spent on applications and there prep, this too has gotten out of hand. The cost of higher education has risen faster then anything else and coincidentally corresponds to the ease and availability of government backed student loans. Highest profit margin, that seems to have been recession proof. Higher education is a must but currently, they are no better then any other large corporation.
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous7 years ago
very confusing step. check out with bing and yahoo. that will might help!