Lots of talk and Outrage about the latest admissions scandal. Personally I don't get it, always thought the rich could buy a kids way into college, so this is no biggie to me, but did get me to create a new concept, but first some facts.
Folks talk about these kids taking someone's seat, but admissions doesn't work that way. For instance Univ of Mich had something like 66k applicants last year sent acceptance letters to about 15,000 and expect a class of about 6600. So 1, 10 or even 60 kids is round off error.
Now for smaller more elite schools the numbers are smaller Yale's freshman class size is about 2,000 and USC I believe was around 6,000.
Ok with those facts out of the way. The new admissions policy at XXX university if I were the admissions officer.
On the application we will add a line item, Sealed Bid (min. bid $1 million) XXX university will accept 5-10% (we can debate this value) of the class on a highest bidder over $1 million(this will be your yearly tuition). 80% of the bid amount will go immediately towards scholarships for the other students of this class.
Maybe a starting bid of $1 million / year is to high as it appears that was the cost to get the kids in, so not a yearly cost.
Two questions:
1) Would this plan tarnish the school image?
2) What should the numbers really be 5%, 10% $1 million?
Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.
Folks talk about these kids taking someone's seat, but admissions doesn't work that way. For instance Univ of Mich had something like 66k applicants last year sent acceptance letters to about 15,000 and expect a class of about 6600. So 1, 10 or even 60 kids is round off error.
Now for smaller more elite schools the numbers are smaller Yale's freshman class size is about 2,000 and USC I believe was around 6,000.
Ok with those facts out of the way. The new admissions policy at XXX university if I were the admissions officer.
On the application we will add a line item, Sealed Bid (min. bid $1 million) XXX university will accept 5-10% (we can debate this value) of the class on a highest bidder over $1 million(this will be your yearly tuition). 80% of the bid amount will go immediately towards scholarships for the other students of this class.
Maybe a starting bid of $1 million / year is to high as it appears that was the cost to get the kids in, so not a yearly cost.
Two questions:
1) Would this plan tarnish the school image?
2) What should the numbers really be 5%, 10% $1 million?
Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.