I submitted college applications in early January, and my mid-year report was finally sent in by my counselor today. Do colleges begin reviewing applications before a midyear report is received, or do admissions committees wait until it's received? I was able to obtain straight As in my first semester of senior year, so I was hoping that they'll be reviewed with my application.
The short answer is yes. Most likely, all the colleges have sorted the applications and doled them out to the readers who are going to handle your file already. I would be surprised if someone hasn't skimmed your file already. Since there are so many more files to read than previous years, application readers get started right away and perhaps read 50-100 files each per week.
And if you are a solid applicant, you have nothing to worry about. The mid report is just a check and balances. If you are not a solid applicant and were relying on the mid-year report, then the admissions committee would take that into consideration, say if you are in the waitlist pile. But if you are in the rejection pile, I don't believe any grade changes would rescind your rejection into an acceptance.
Admissions officers begin reviewing applications before they receive midyear reports. They will take midyear reports into consideration if they have them, but if not, admissions committees will assume that your academic performance during your senior year was similar to previous years.
If your GPA was not the best during those years, but the rest of your application impressed the admissions committees, they would likely mark your application for an additional review later on during the review period. They would receive your midyear report by that point, and would accept you if they saw sufficient improvement in your grades. In any case, you can rest assured that your straight As will be seen if they are crucial for your overall application. Hope this helps!
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