No disagreement.Big Dog wrote: ↑Mon Mar 07, 2022 2:33 pmAlmost spot on. There is Ivy need-based aid and then their is HYP need-based aid, which is the most generous. Stanford and Hopkins are at that extremely generous level of need-based aid, where sone families making $200k or have a million dollar house can qualify for some of that tax-free money. Of the Ivies, Cornell used to be the least generous, but its been a few years since I ran actual numbers. (But Cornell does have its contract 'state' colleges in which to matriculate a recruit to obtain a discount.) Historically, ND has been pretty cheap.MDlaxfan76 wrote: ↑Mon Mar 07, 2022 12:59 pmIf I'm not mistaken, and surely someone with greater knowledge will correct me if I am, Hopkins need-based aid is, like at Ivies, blind to any other factor after an admissions decision has been made.OCanada wrote: ↑Mon Mar 07, 2022 12:32 pm Your point seems to be that the Bloomberg gift can be used as a supplement for athletes.
Bloomberg has never funded athletic related activities.
After the 2008 financial debacle hit the country Hopkins found itself accepting less qualified students who could afford the tuition as opposed to more qualified students who could not. Hopkins wanted to reverse that situation.
The purpose of the Bloomberg gift was to enable that to happen. That is, to allow highly qualified students to attend regardless of financial standing.
Bloomberg gave a restricted gift eg it defines eligibility. Once defined it has to have a process. Given the Bloomberg history and the purpose of the gift i believe it is a stretch to think there are not guidelines attached but maybe there are none. In order to know the language of the gift needs go be public. Personally i would like to read it tho i co know someone who might have it.
About the same time Hopkins did away with preferences for kids of alums for much the same region. Upgrade the student body.
If anyone has the language governing the grant and the administrative policies and procedures that would be helpful.
It would be illustrative to see a comparison between say UNC with instate tuition and Hopkins at 70k giving a net.
Once "in", financial aid calculations happen. And it doesn't matter why you got in, what your SAT's were, you're eligible based on whatever your financial metrics determine.
Totally separate.
And it's very generous.
Yes, this allows any potential student, regardless of financial situation, to apply on the merits alone.
As to athletes, if you pass the admissions criteria, which don't look at your financial qualifications at all, you are eligible for aid.
At Ivies there are no additional athletic scholarships, eg the 12+ that Hopkins has. Someone else can explain the granular details of what any of that means to overlapping aid, but I think if someone gets athletic aid that reduces the amount they are eligible for on a need basis. How that comes into play for negotiating with families could be complex, but I suspect there's some ways that those who are eligible for lots of need based aid get that 100% of that form of aid while those who wouldn't get much might well get more of the athletic aid.
But I don't really know how those mechanics work...I know more about how the Ivies do it.
But in any case, Hopkins has an Ivy-level needs based aid program plus the athletic pool of $. I don't think any other program has as a better situation than that.
Indeed, anything better would very likely be way out of bounds per NCAA rules.
Of course, we now have this whole 'athletes can make money' thing, so that's a whole new factor. Where a kid can get the most public exposure to monetize could well be a factor going forward.
Dartmouth keeps adjusting to catch up to HYP, but usually lags in the financial aid arms race a couple of years.
If I'm not mistaken, right there with HYP right now, and now need based also applies to international.
My impression was that Hopkins is now right there too with HYP, but I didn't want to overstate, thus "Ivies".