I mostly agree with all of this. The only change I’d make would be to move the April 30th deadline up to sometime in March. If schools are still interviewing into April (let alone May), there’s something seriously wrong with their admissions structure. No other professional/graduate program application cycles take over a year to give students a final decision. Setting more tiered dates for how many A’s you can hold earlier in the cycle might be better for everyone. Adcoms could gauge numbers more accurately, and waitlist movement could happen sooner. Sure, you could argue in some situations that schools may offer scholarships to those who wait, but what’s so different about April 30th versus March 31st if everyone has to comply? I’d suggest holding no more than 3As by January 31st. 2As by February 28th. 1 A by March 31st. CTE dates no later than June 15th.
The issue is not so much the dates, but the fact that few, if any, schools actually enforce those dates. Specifically the 3 acceptance one, as AMCAS does not even provide information to schools stating how many acceptances an applicant has. AMCAS should use hard deadlines and not recommendations and if applicants don't follow guidelines, schools should be required to rescind acceptances (the only fair way is to rescind every acceptance, otherwise how would you select which 3 schools keep acceptances?). Moving multiple acceptance deadline up to January will hurt applicants. Financial aid information is not given until much later, often due to not having operating budgets in place yet (fiscal year vs calendar year). Also, financial aid office is usually very busy at the beginning of an academic term ensuring all disbursements are paid and paperwork filled out.
Generally speaking, the longer the interview process is for a school, the more people that turn down acceptances at that school. Sure, they could only interview fewer students that are more likely to commit, but then schools (and applicants) lose out on a possibly good fit.
There definitely is an issue with a year long application process. Many graduate programs don't require an interview. Those programs that do use interviews do not have nearly the amount of applications (sure, there are probably some exceptions) of medical schools or, more importantly, the competitiveness. If you cut out interviews, the application season could be quick. However, then you deal with getting applicants that look great on paper, but would not make good physicians. Conversely, you lose those with low stats that would become awesome physicians. Also, I enjoyed being able to tour facilities and get a feel for the school vs the one virtual interview I had.
Note: I probably should not write in regards to graduate programs as I only have a basic understanding of non-MD programs through speaking with friends.
I think schools should then all have CTE dates within a closer time frame so students can have more clarity on their WL choices before then. I just think there is room for improvement. I agree that applicants with 0 acceptances shouldn't be in an unfair position either. I also agree that applicants who have an acceptance shouldn't have to settle just because of a deadline. I think there is definitely room for improvement so everyone is in a much less stressed out place. Imagine having to CTE to a private school thats 40k more expensive than your state school that you're WL at. That's a pretty big decision.
The current system was seen as an improvement vs the old system. Every time an 'improvement' is made, it fixes some things and breaks others. There is no way to fully anticipate how any further changes will affect applicants.
No doubt financials are a big issue. In-state schools typically see less waitlist movement for in-state seats for the very reason of lower tuition. In my state, they only need 50% IS students and try to get more OOS to bring in more cash. There are a lot of schools that don't begin sending financial aid information out until the deadlines to limit how many packages they have to make to people that would withdraw anyways. This makes me think that many schools would delay financial aid information even longer.
TL/DR: Any change to the system will bring other complaints (even if changes are improvements in every way), people will always find something to be upset about.
Sorry, I feel like my post has rambled structureless for too long.
Background for transparency: I was rejected at my dream school (reach) post-I. Rejected from state schools (pre-I and post-I). Accepted to a school across the country that offered me in-state tuition, which I am currently PTE due to the $25k / year lower tuition while on 3 waitlists.