A recent New York Times feature has been making the rounds. I read it so you don’t have to. Here's what you need to know:
1) Most Schools Accept Over 50% Of Applicants
As everyone is collectively freaking out about getting into top tier schools, it’s important to remember that only 13 percent of four-year colleges accept fewer than half of their applicants.
2) Some Colleges Do Factor Your Ability to Pay Into Their Decisions
According to the Times write-up, about half of institutions said an applicant’s “ability to pay” was of at least “some importance” in admissions decisions, according to a recent report by the National Association for College Admission Counseling.