rolling admissions

MONEY has compiled a list of 50 colleges that rank highly for value and have application deadlines of Jan. 10 or later. See the full list below, organized by due date.

There are more than 500 colleges whose application deadlines for the fall 2017 academic year fall between Jan. 15 and Aug. 15. And more than 200 colleges take applications on a “rolling” or “space available” basis, meaning they take applications until they find enough students to fill their class. In many cases, they’ll still be accepting applications up until August.

Don’t delay too long, though. Admissions experts say students who delay their applications give themselves three major disadvantages:

• Lower admission odds: Many schools, such as Michigan State and Indiana University, accept late applications on a “space available” basis. So late applicants are competing for whatever slots may be left after all of the qualified earlier applicants have been accepted. In practice, marginally qualified students are more likely to be rejected if they apply late.
• Less aid: Federal financial aid is guaranteed as long as you file a Free Application for Federal Student Aid (FAFSA) before the end of your academic year. But many states and colleges give out aid on a first-come, first-served basis. Purdue, for example, is still accepting applications for admissions on a “space available” basis but limits its merit aid to those who applied by Nov. 1. So some late applicants are likely to pay higher net prices.
• Fewer major choices: Many rolling admissions and space-available schools say their most popular majors — such as nursing, engineering, and computer science — tend to fill up early. At Purdue, for example, engineering spots for fall 2016 filled up by February last year, says Pamela T. Horne, the school’s vice provost for enrollment management. Qualified students who apply after that may be offered admission to less popular programs, such as liberal arts, she says.