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[quote=Anonymous][quote=Anonymous]Thanks PPs. So if the estimated aid on the school's website says you will have to pay $10K and the school is $40K, the school will give you the difference 100% of the time? Or do schools sometimes give less than the website says?[b] If I know I can't pay more than $20K out of pocket per year and the calculator says they will only give me $10K, should I take that as gospel and steer clear of ED at that school?[/b][/quote]

Sometimes they offer less in financial aid because the information submitted on the full financial aid application is more complicated than what is asked for in the NPC: complex assets they decide you can sell. Occasionally they will provide more aid if there are extenuating circumstances such as large amounts being spent on a very disabled child or caring for an elderly relative (must be provable).

But yes, you should steer clear of ED at schools where they estimate you can pay more than you are willing to. If there is a school your child is interested in that falls into that category, you can call the financial aid office and try to gauge how closely they adhere to their estimates, but in most circumstances, it is very accurate.

The most important thing in applying to colleges IMO is to find schools that accept at least half, or nearly half of applicants that your child would be happy to attend AND you can afford. If you are looking for low cost or affordability, finding safeties you can get into with the ED edge is really important.

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