<p>Hey guys. </p>
<p>This is pretty much an open ended question regarding the tough times the United States is going through. A couple days ago my friends and I were discussing the economic recession and we asked ourselves: how hard will colleges be hurt by this? Will students be forced to transfer to cheaper schools? I recently talked to the faculty at my school's registrars office and they said how student's parents are having a tough time paying the large tuition bills.</p>
<p>For some, it's harder to transfer this year. </p>
<p>I'm applying to Cornell, and several Cornell schools, including the one I'm applying to, reduce tuition for NY residents. This yr, Cornell faced budget cuts, so they'll want more money, which means it will be harder for NY state residents to get accepted. An admissions counselor confirmed this with a student in an interview, and he posted it on the Cornell board. Bad luck I guess :(</p>
<p>Many schools have dumped money into their financial aid, and so are able to help more people out. However, many schools have suffered losses on endowments, and hence have been put in a revenue-crunch. I'm guessing transfer rates will go up.</p>
<p>But if everyone thinks like this, then that means the "market" for transfers has already "factored in" this phenomenon, thereby limiting the amount that we may be able to take from this situation</p>
<p>agreed with Wharton11.
Cornell barely has FA btw.</p>
<p>hey wharton11,
are you in wharton?</p>
<p>haha diablo47 long time no see!</p>
<p>Well the interesting thing is that at the strong private colleges ED numbers are way up. The entering freshman class is the largest in history. Schools will have a choice of how to deal with those who leave because of financial issues. They can accept a larger freshman class or fill in with transfers. As many schools don't give transfers the same aid they give freshman, less rich schools will probably go with full pay transfers.</p>
<p>This thread is the epitome of "wishful thinking".</p>
<p>Transfer rates for all schools that are not need-blind will most certainly go down. And I wouldn't put too much hope into the prospect of need-blind schools opening their arms any wider.</p>
<p>well no matter the situation for this year is optimistic or pessmistic, there is no obstacle to stop us from applying transfer. whatever I will give it a shot. wish everyone here good luck anyway.</p>
<p>@diablo: no, I'm not at Wharton but I've applied there twice now including transfer. I was rejected both times despite my credentials so I'm thinking of just dropping the idea of trying to transfer again despite how transfer rates might be impacted bc of the economy. College admissions are irritating at times and don't believe in free market theory: the person who wants it the most and is most willing to pay the highest price for it should get it. Rather they'd prefer to factor in other crap. That's part of what's pinching their nuts in an economic downturn such as this one.</p>
<p>@gobackto2005 - yeah I wasn't counting on Cornell's FA (if I even get accepted) but in-state tuition at contract colleges is discounted, and it'll be harder to get accepted as an instater this year. I'm not in a position to get a lot of FA, so the discounted tuition was very appealing.</p>