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College and University Discussion
Reply to "Applying early decision when you need financial aid"
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[quote=Anonymous]I know many schools say their early decision applications are financially binding, but what happens if your child applies ED and doesn't get the financial aid package you were expecting? Does anyone know to what extent this is really enforceable? On the one hand, I understand that schools can't give financial aid to everyone and they need a certain percentage of students who can pay full price. But at the same time, it does seem somewhat unfair that kids from wealthy families are subject to lower admissions standards (and yes, I realize that this double standard is nothing new in the world of college admissions, but it still irks). If your child had his or her heart set on a certain, very selective school and you knew you could only afford that school with a good financial aid package, would you still allow him/her to apply early decision (knowing the odds of an ED admission were significantly better)?[/quote]
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