Rejection is a common fact of the college application process, but according to a new study from student loan firm LendEDU, some schools are raking in hundreds of thousands, and even millions of dollars off of saying “no” to prospective students.
Students must pay a fee, usually over $50, to apply to colleges, and the study uses acceptance numbers and fee cost to calculate the revenue each college and university takes in from declined applications. (Methodology)
Several schools in New York State, including a few in Upstate New York, generated more than $1 million in revenue off rejected applications in the study, which uses 2016 data from the National Center for Education Statistics. See the 30 colleges and universities in New York that earned the most off rejected applications below.
See the list from NYUpstate.com: