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College and University Discussion
Reply to "How does Early Decision for a financial standpoint?"
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[quote=Anonymous][quote=Anonymous]Our DD is applying to colleges next year and we're not sure how ED works from a financial standpoint. We get that you are committing yourself to that school if you get in, but we'll need aid or scholarship money to pretty much any school. [b]If you apply for ED and are accepted but not given any aid from the school, are you still on the hook? [/b]How can you force someone to go to a school you can't afford.... [/quote] Yes, it obligates you. That's why ED is really for full-pay applicants. My DC knows what his first choice is, but he needs merit aid to attend - so he can't apply ED.[/quote]
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