Some applicants from China to the Ivies will be getting a boost, a financial one that is. When students from countries outside of the United States — such as China and India — apply to highly selective American universities (like the Ivies), these colleges are looking for these applicants to be “full pays.” “Full pays” is college admissions lingo for not needing any financial aid to subsidize their educations. Consequently, many students who apply to American universities from countries such as China and India — and end up matriculating after earning admission — come from affluent families, families who can afford the full cost of four years of tuition at a top American university. So it’s with great pleasure that we read about the gift by Chinese real estate billionaire couple Pan Shiyi and Zhang Xin. This couple recognized the value in students seeking and receiving an education in America at schools such as the Ivies and they put their proverbial money where their mouths are.
According to an article on the endowment of the Chinese couple in “The Daily Mail” written by Sadie Whitelocks, “Ivy League schools have started recruiting more economically diverse students from China after receiving multi-million dollar grants from public and private donors. Chinese billionaire real estate couple, Pan Shiyi and Zhang Xin, gifted $100 million to top U.S. universities last year- including $10 million to Yale and $15 million to Harvard – in a bid to help poor students from their home country.” The article goes on to state, “The admissions directors at Yale and Harvard say the investment they have received will help create the diversity sought by students and faculty. ‘We want to make sure that we get the most talented students from every corner of the world, and it’s just that simple,’ Harvard Dean of Admissions William Fitzsimmons said.”
Ivy Coach salutes Pan Shiyi and Zhang Xin for recognizing the value in an education from a highly selective university in America. We salute them for opening up opportunities to Chinese students who otherwise wouldn’t be able to afford the cost of tuition and, because of this, in many instances wouldn’t be granted admission. After all, as we’ve said many times on our college admissions blog and in the press, need blind admissions is a total and complete farce. Don’t believe us? Don’t want to? That’s fine. It doesn’t mean it isn’t true.