Early decision yield rate and financial aid up; errors in article
I would like to take this opportunity to correct some misinformation that appeared in a recent (Feb. 17, 2009) Daily Orange article by Megan Hess entitled ‘SU sees decrease in regular-decision applicants.’
First, the article implied that our yield rate of early-decision applicants is lower than last year. In fact, our yield rate is actually running ahead of last year. The error stems from not comparing data from last year with data from the exact same day this year. I am very happy to report that our current yield rate is 94.8 percent, which is higher than the 92.1 percent we recorded last year at this time. And second, the article asserts that ‘Next year’s increased financial aid funds may lead to students stacking up on student loans and creating mountains of debt to be dealt with after graduation.’
Not only is the contention illogical (How would more financial aid mean more loans?), but it is also misleading. The fact is that Syracuse University has been and will continue to increase financial aid in order to help students avoid excessive borrowing. In closing, it should be noted that such significant errors have a potential damaging effect on the academic careers of prospective and current students who naturally accept what is reported here.
I urge students to contact our financial aid office directly for knowledgeable assistance in understanding what is being done to support their success.’
Donald A. Saleh Vice President for Enrollment Management
Published on March 1, 2009 at 12:00 pm