Early Decision question
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Anonymous
| What are your options if you are admitted ED but can’t pay? |
Anonymous
| That’s just about the only reason for not enrolling after an ED acceptance. |
Anonymous
| So u can just say you are not accepting the offer because you cant pay ? |
Anonymous
Yes it is a huge loophole. |
Anonymous
| Wow. So basically you can apply ED to a bunch of schools and then pick the best one and tell the other schools you can’t pay? I wonder how many people do that! |
Anonymous
No you can only apply ED to one school. You, your parents and your counselor have to sign a pledge that it’s only one ED app (counselor won’t send your info to more than one ED school, which is marked on your app). When you are accepted, you have to pull any EA or RD apps you still have out there. If you can’t afford the ED school you should work with the FA office to make it clear why you can’t afford it. Sometimes they will find more money. |
Anonymous
It's not as simple as that. They get to decide if you can pay or not. Try the EFC calculator on the college's site. That should tell you what their expectation is of what you need to pay. |
Anonymous
| I thought I heard they can' task for more than a certain percentage about the EFC amount, so you should be able to know in advance if you can pay. ED is affirmative action for the financially comfortable. A lot of families can't afford to commit without being able to compare offers. |
Anonymous
This. |
Anonymous
EFC is nearly full pay for most making a living wage. |
Anonymous
No it's not. We make $130K/yr (family of four, one in college) and our EFC is ~$30K. So, full pay for in-state, I guess. |
Anonymous
| To clarify, EFC from FAFSA is not what matters. The estimate from the college's own Net Price Calculator is what you need to determine affordability. |