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Reply to "Early decision seems like a scam"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's literally a scam in an anti-trust way: https://www.highereddive.com/news/32-colleges-accused-of-using-early-decision-to-drive-up-costs/757337/[/quote] Zero chance of this suit succeeding.[/quote] +1 ED does nto 'reduce competition" -- they are absolutely competing with each other to get those ED applicants just as much as they are competing to get the strongest RD applicants. And the argument that they use ED to reduce FA makes zero sense, since you can get out of ED if they fail to meet your FA needs.[/quote] Of course ED prevents colleges from needing to compete on price, and reduces the amount of FA they give. Here’s how FA works: _ Every college gives you a different aid package. _ If your favorite school is not the best price, you show them the better offer you got from a similar school. _ If they want you, they match the price. ED takes away your ability to secure competing offers, and thus your ability to bargain. [/quote] And at most schools where Ed matters, there is no negotiating aid packages. They have tons of kids willing to accept what they offer [/quote] +1 But it's not always a bad thing. I spent a lot of time on different college NPCs. None of these colleges offer merit only need-based aid. Some NPCs indicated no aid, but others did. DC ED'd to one on the list that did, and our financial aid package (a little more than 20K) matched the NPC. Classic donut hole family, so this was the best offer we could expect without chasing merit. We were very happy with how ED worked out.[/quote]
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