<p>New</a> research on how elite colleges make admissions decisions | Inside Higher Ed</p>
<p>This is an interesting article about the methodology elite universities use to decide who to admit. I would expect that the elite BS share at least some of methodology.</p>
<p>There's some insight on how and when in the candidate selection process that FA is allocated:</p>
<p>"After a college has used its allocated aid budget, it compares the merits of students who can afford to pay all expenses, and they are not competing against the full pool."</p>