MIT pays students to not enroll this school year due to wrong count of enrollees

By on Sep 27, 2012 in Education, United States Comments

The Massachusetts Institute of Technology (MIT) is paying some students to not enroll this school year, after learning they have accepted more applicants than they could handle. There was a mathematical error causing them to have an excess in the number of enrollees.

MIT Sloan School of Management logo

MIT Sloan School of Management logo
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According to Wall Street Journal on Tuesday, September 25, 2012, MIT‘s Sloan School of Management usually accepts 400 students for the full-time M.B.A. program, offered applicants early last month. They later admitted that they made a wrong count of enrollees and some of them are now being asked to not enroll.

As noted in the report, Sloan senior admissions director Rod Garcia told them that “a higher-than-expected number of students stuck with their plans to attend,” and that they received 4,133 applications for the M.B.A. program, which is more than 10% of the enrollees, or a surplus of students.

Last August 7, the school reportedly sent an email to the incoming class last, offering them a guaranteed admission to the class of 2015 worth $15,000 for the first 20 admitted students who request it, and gave them until August 13 to respond. But the number of respondents was not enough.

So on August 21, a day after pre-term refresher courses started, the offer was raised to $20,000 for the first 10 respondents, wherein the tuition for the 2012-2013 academic year was said to be worth $58,200, with total expenses, including books, housing and food, and was estimated to be bit less than $89,000.

Mr. Garcia told the paper that four incoming Sloan students volunteered for the offer and this year’s M.B.A. class went up to 413 students, from the 404 students who took the offer last school year. He added that the university expects some deferring students will not end up enrolling next fall.

Nevertheless, admissions consultants said that MIT is not solely to be blamed since it is very difficult these days to predict how many students will pursue the M.B. A. offers. This is because some of the candidates turn down offers after they are accepted, realizing they want to study in other schools.

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