At first, I thought we would wait until all offers were in, and then we would execute a selection process from among all the complete (acceptance plus scholarships) offers.
However, with 2 complete packages received (even with 3 more expected to come), it seems like it is actually the perfect time to conduct a critical comparison between those two, and then eliminate one of them right away, even before other complete offers arrive. Then, when another arrives, conduct another critical comparison between those two.
What is your process?
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