Some Schools Are Still Dangling Dollars

The New York Times: “In the minds of parents and teenagers going through the college application process, May 1 is a magic date. At that point, you’ve sent in a deposit, bought a sticker for your car window and posted your choice on social media. This year, however, scores of teenagers had something unexpected happen next: During the first week in May, they received text messages or emails from schools that had accepted them but had not heard back. The messages all hinted at a particular question: Might a larger discount prompt you to come here after all?”

“The upheaval that comes with reopening the college decision is rough on teenagers as well as their parents, who would have to revisit difficult financial choices and conversations all over again. Suddenly, a first-choice school may be almost within reach but still not quite affordable. The injection of money into a discussion thought to be over makes an emotional situation even more fraught … Now that applicants, even in wealthier families, know how much of a stretch college might be, it can weigh them down with guilt.”

“For a portion of the applicant pool, May 1 has not been the date for some time. Many colleges maintain wait lists … And for all the attention families devote to the most competitive institutions, plenty more have space available through summer and invite qualified students to apply. The National Association for College Admission Counseling, or Nacac, publishes a list each year, and this year’s lineup includes household names like Arizona State and Penn State.”

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