No, you can't get "full need + merit money" at another school. That's not how it works. Why do some people think they should just get more money after full need? The people who whine about this never ceases to amaze me. |
I mean that if the you qualify for some need-based aid, but not a lot. UVA will say "we met your need," but another school might give that and more with merit. |
But kid could get a merit scholarship from a later acceptance and might choose, for example, RD Syracuse with $40,000 merit vs Wake Forest ED at full price $75,000. |
Dp here. That's not how it works. With ED, if you get in, that's where you go, you don't compare with other schools. (You immediately withdraw the applications to other schools without seeing the results.) You're thinking of EA. With EA, you can compare offers with other schools. |
The ED agreement clearly gives an out for financial reasons. |
| From the ED agreement: “If the student is an early decision candidate and is seeking financial aid, the student need not withdraw other applications until the student has received notification about financial aid from the admitting early decision institution.” |
So you can't compare offers. |
If ED college awards $0 and Syracuse (or wherever) awards $40,000, I don't think anyone will cry foul if you don't go with the $70,000 ED option. |
But you should pull other applications after the financial aid notification of ED school instead of waiting for other acceptances to roll in to compare those offers. |
The info in quotes is saying you can wait to see what your ED school is offering for aid. It is NOT saying you can then also wait for other offers. |
Sue me. |
| I’ve only seen people back out of ED if the school doesn’t meet demonstrated/expected need. It happened at our school last year for a NESCAC LAC. I think the kid got what he expected based on the aid calculator but it wasn’t good enough - he was from a donut hole family. I’m honestly a bit worried it will hurt this years class at the school he withdrew from, where my DD is applying RD. I would imagine this is one of the few ways your high school gets blacklisted. |
How did his being from a donut hole family affect this? Sounds like the family wasn’t honest with themselves about what they could afford. |
I agree. My kid didn’t apply ED anywhere but I imagine the college counselors are hyper aware after that. My kid goes to a private so positive college relationships are extra important to maintain. |
Exactly -- this tells us a lot about the kind of person you are. |