<p>Do you think there will be fewer applications to boarding schools this year as a result of the economic downturn?</p>
<p>weird that my response was placed above your question...</p>
<p>no. more fa except for the whole thing w/endowment going down and all...
but no becuse ppl can go for free if they make less than 75 grand. and with the financial crisis lots of ppl may jump at the oportunity</p>
<p>artsmart,</p>
<p>It's not every school that offers that deal of full scholarshps for those who make under $75k. In fact, it's only about 5 schools. Most receive more aid applications than they can accept. This year, it will be worse. Also, schools need to find about 60% or more of the student body who can pay full tuition. That is much harder to do this year, and many schools will suffer. It will be much easier to get into even the selective schools this year. </p>
<p>I estimate that schools with a 25% acceptance rate traditionally will now be accepting about 50-60% of applicants who are NOT applying for aid. Financial aid applicants will still be at the 25% acceptance rate. That is my guess...</p>
<p>My H and I were a bit surprised last year, that the applications were so strong. The financial mess began melting down last summer, and there were so many still applying. True the market did not tank until just now, but to us, we were waiting for the ship to founder. Now that it has, we have no further insight to offer....sadly. My crystal ball cable service has been cut off...</p>
<p>However, in the interest of unsolicited advice, and following the current financial crisis, plan plan and plan for those college finances. Save money in whatever way is possible.</p>