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College and University Discussion
Reply to "Does Early Decision limit chances for merit aid"
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[quote=Anonymous][quote=Anonymous]It is not quite true that you have to withdraw your applications once you get in ED. You have to withdraw after you get in ED and you get your financial aid package. No one seems to say that if you get in ED, you won't get merit aid and the schools by and large deny it. [b]It would be one thing is a school said - look, we don't give merit aid for ED candidates. But they don't, to my knowledge. [/b] So taking the chance on a merit award certainly does not seem irrational, particularly where a student genuinely (1) has a first choice and (2) has some chance of merit aid based on grades/test scores. If the merit aid does not come through and the student can't afford it, then that's the reason the escape clause exists. The student doesn't get to go, has to apply to other schools, and hope for the best, And the school is not really hurt in any significant sense, as these cases are going to be comparatively rare,[/quote] It is common knowledge that Ivies don't give merit aid. In addition, all schools are required to report in their Common Data Set -- which is available on their website -- the exact number of freshmen and the total number of undergraduates receiving non-need based/non athletic merit aid. They also report the average size of the merit aid awarded. So it is in fact very clear which schools do and don't give merit aid and that information is available to you before you apply ED. And if you applied ED needing to get merit aid without checking the CDS to confirm it is available …. then you did your child a disservice.[/quote]
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