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Are schools making bank during the application process?
Started by timwatley
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They are making bank on the applications service. They probably use this money to pay their full time admissions committee. 150k can pay 4 secretaries 37.5k/year.
Generally they charge everyone the app fee, regardless of an interview. So, I don't think that's their tactic. They have staff to pay, interviewees to host, application cycles to run. Someone has to pay for all those professional folders, lunches, and parting gifts.
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Schools are always making bank. Always!!
btw timwatley, love the name
When rounded, the 150K does not even appear on the balance sheet.
Doc, are you a mathematician by chance? I see a lot of math references in your posts.
I agree though, 150k may seem like a lot, and it certainly doesn't improve the perception when you fork out $50-100 to a school only to hear nothing back, but in a dental school's budget, it's probably a pittance.
Customer service is not exactly on the ds curriculum and adcoms are unlikely to be graduates of Miss Manners School of Etiquette. The feeling of entitlement for the application fee is, however, ill conceived. For some the fee will have bought an interview; for a select few it will be admission and for most, it will be, at best, a rejection in electronic format.
You are only taking the application fee into consideration. You need to also factor in secondary application money. It is more like $120 per application. They get more like $350,000.
I believe he is talking about the secondary. Fee 1 (application fee) is for AADSAS. They don't work for free.
👍 I don't imagine AADSAS is giving up any of that $75/school to the schools themselves.
I can't believe that aadsas keeps the whole $75 per school on top of the $235 for the first school. To apply to 10 schools it cost you $910. Aadsas keeps all this money just to scan your LOR, Transcripts, DAT into a computer and calculate your gpa. What a rip off. The only work they really do is calculate your gpa. There are bar codes for the rest of the documents so that scanning into the computers is made easy.
Between 14 and 15 thousand applicants each year. Lets say 14.5k averaging lets just say 8 school designations= $11,020,000
Thats a lot of money just to collect info then forward it out.
Tim? you seriously stole my name😡
I joined in 2009, 2 years before you.
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One of you doesn't know how to correctly spell Tim's name 😛
A Congressional Hearing might be what is needed.
That might take too long..
What's the hurry?
It was a sarcastic joke referring to their inability to agree during the possible default situation. I didn't think you'd have a problem catching that given your previous post.
