Wakeforest22890
Snowpom
More money.
I blame you. You're obviously loaded, and instead of investing in a small on-campus arena you are investing in motels.
Actually why is DR not stuffing money in the pockets of our recruits. That's the quickest/easiest way to improve our predicament. Shitty alum
I think expanding our undergraduate enrollment is a bad idea. What's the general thinking on here?
More money.
Of course, that's why it is being done. But I think that may be misguided. If it lowers our selectivity and lowers our academic ranking, then it becomes more difficult for the institution to obtain grants. It also will make the school less unique, so it may not receive as many donations.
It’s definitely not going to lead to less donations. Parents that can afford Wake tend to have wealthy beyond the cost of tuition.
An article came out 2 or 3 years ago about undergraduate institutions where the students came from rich families. They defined rich as students whose parents had a top 1% income in America, or a top 1% net worth in America. Wake Forest although not number 1, was in the top 5 in the country for percentage of undergraduate students enrolled from these families.
Couldn't edit my post, but it was from the NY Times. 22% of Wake Forest undergrads come from families with incomes of $630,000 or more which puts them tied for 4th in the country with Wash U. St. Louis. The only schools with a higher percentage were Vanderbilt (#1), Colgate, and Middlebury. Its about the ability to accept more rich kids.
That's an astonishing statistic and frankly very disappointing.
So this was my sentiment when I was a freshman at wake coming from parents with a combined income of less than 100k. I felt resentment for these kids that didn't have to have a job while in college and had everything handed to them. However, my perspective changed when I matured a little bit and realized that my generous scholarship wasn't due to my very mediocre athletic ability in a minor sport but was due to these kids parents paying full price. I'm fine with 22 percent being from 1 percent households as long as wake isn't actively turning away deserving kids just because they aren't 1 percent and are providing them with the financial assistance to be able to attend and contribute to economic diversity
Couldn't edit my post, but it was from the NY Times. 22% of Wake Forest undergrads come from families with incomes of $630,000 or more which puts them tied for 4th in the country with Wash U. St. Louis. The only schools with a higher percentage were Vanderbilt (#1), Colgate, and Middlebury. Its about the ability to accept more rich kids.
It’s definitely not going to lead to less donations. Parents that can afford Wake tend to have wealthy beyond the cost of tuition.
Because Wake admission is no longer need blind, they probably ARE turning away poorer kids in order to admit more 1%ers.
Does WFU still have what they used to call "need based scholarships" or something like that? Basically getting the scholarship was merit based, but the amount was based on need.
[ETA: If I had googled first, I would have found out the answer, which is mostly yes]
No longer need-blind admissions is a negative IMO.
I get this, and I think it's what our administration is going for. However, I think it may not be correct. I think it could lead to fewer gifts that are very large - in the tens of millions range. If it is less unique, there may be fewer large gifts. If the students are of a lower caliber, there may be less chance that one becomes a multi-millionaire and donates large amounts to Wake.