I wasn’t aware at the time but apparently SU had a very poor year in terms of projected acceptances. When they didn’t hit their projections they went back out into the market and flooded the zone with increased financial aid. Apparently they threw the whole college acceptance and financial aid market into a tizzy. My friends out here relayed it to me as they have kids applying this year.
Like I said…put me in there and AW can be my wingman
yeah this did happen, my guess is that Syracuse has an internal algorithim that attempts to predict how many acceptances will enroll, this algorithim was wrong for last year, or more correctly, it didnt adjust for that fact that kids are just applying to schools to say they applied to schools, with little to no actual real interest, the equation said this many people will enroll, that number ended up being quite a bit lower than predicted and they figured that its better to get partial tuition money if they offer lots of aid to some kids than 0 tuition money if they don't, it also looks really scummy to the kids already enrolled
The president of my alma mater actually just made a similar move and stepped down to go back to teaching law to finish his career as that was what he really enjoys, so I wouldn't be shocked to see him do that.
There was a fairly negative article about this in the New York Times a few months ago. It did not make Syracuse look good.
Wasn’t sure jf this deserved its own thread. Pretty embarrassing article in today’s NY Times.
Why Did Syracuse Offer $200,000 Deals to Teens Who Had Turned It Down?
The university seems to have misjudged what some families would pay. Next year, maybe applicants should play their own game of chicken with such schools.www.nytimes.com