<p>Dad II,
First, is you son in the top 10% of his class?
If not, then based on Penn’s CDS, he does not have a good chance of acceptance, as Penn seems to be very rank conscious.
[Penn</a> Admissions: Incoming Class Profile](<a href=“http://www.admissionsug.upenn.edu/profile/]Penn”>http://www.admissionsug.upenn.edu/profile/)
Second, IF his stats are NOT on par with your D’s, then applying to Stanford SCEA on the hope that in these tough economic times, Stanford puts more value on having a sibling who ALSO needs financial aid, than on another student with higher stats and better grades, is just naive. In other threads it was calculated that the actual SCEA acceptance rate for those who are NOT DA’s, legacies [children of parents who went to Stanford and have contributed since graduation, which is the only kind of legacy Stanford cares about], athletic recruits, children of staff, and URM’s, is actually closer to 10%.[ see idad’s post above]</p>
<p>I also just heard that Stanford has cut back on it’s athletic scholarships this year for financial reasons, forcing many kids who had Stanford athletic coaches “commitment’s”, to scrambling for any uncommitted recruited openings back at Ivys. Stanford is tightening it’s budget and it will have an effect on admissions decisions. </p>
<p>Third, based on multiple posts on the Chicago forums over the past 4 years and from my families own personal experience with Chicago, I would NOT expect that you would be happy with the FA package you as an “upper middle class family” [ in their eyes] would be likely to receive. Chicago is not “up front” as to the formula they use to calculate FA, like many of their richer peers, and time and time again I have read that MC students are forced to go elsewhere because Chicago’s FA offer was too small to make it affordable. That’s what happened to us. Even after an appeal, they offered S $18-20 less per year than 6 other top colleges [D,B,W,P,C,V] where he was accepted. That by itself is not a good reason to forgo applying EA at Chicago, just don’t hold your breathe in hopes of a great FA package.</p>
<p>And as this year is expected to be the top of the admissions boomlet, it is more important than ever to find a financial safety wher your S would be happy .
I am in agreement that to allow, let alone encourage, your S to apply ED anywhere when you know you need and want substantial FA is just foolish. This has been said thousands of times on the FA forums. If you need FA then you should wait until April to compare offers and “negotiate”, as you did with Stanford.</p>