Reply to Is binding ED the next shoe to drop?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've heard speculation that ED could be challenged on an anti trust basis. I don't know how cogent that argument is and I didn't see it being accepted by the current Court. Unless there's some movement on that, this thread is a lot of hot air. Things do not simply become fairer over time as if by magic.[/quote]

I hope so; it's an advantage that UMC families refuse to admit is a thumb on the scales for their precious children. [/quote]

What’s the definition of UMC here? It’s a thumb on the scale for the top 1% who are beyond UMC by most definitions.[/quote]

[b]The top 9.9%[/b]
https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/

"If your total net worth ranges somewhere between $1.2 and $20 million, you are in the top 9.9 percent of the wealth distribution. If your household income is around $200,000 or over, you are in the top 9.9 percent."

https://www.insidehighered.com/blogs/learning-innovation/rising-inequality-fault-%E2%80%98-99-percent%E2%80%99
[/quote]

The lower end of this group can’t ED full pay at 90k per year. [/quote]

ED is not full pay.[/quote]

You commit without knowing if there will be financial aid. [/quote]

You meant to say “you commit without knowing what a Net Price Calculator is”.[/quote]

Your commitment is binding. Net price calculator isn’t. Check your privilege. [/quote]

It’s not binding if the offer is less than what the NPC says.  Check your facts.[/quote]

By the time you see a financial aid offer you are required to withdraw all other apps. The kid would then need to submit apps to rolling admissions colleges in the spring. You’re kidding yourself if you don’t understand ED is a privilege for the rich. [/quote]

Wrong again.  Not how it works. Nearly all ED decisions come with the offer or shortly thereafter, prior to Jan 1 deadline. If you don't get the offer in time (AND YOU WILL), call the college and tell them you are not withdrawing until the offer is in writing.

You think you are the first person to discover this "problem"?  You are not, because it isn't one.

[/quote]

Everyone knows ED favors the wealthy. If you’re wealthy, you’ll keep pretending it’s not an advantage, but you know it is.

https://amp.cnn.com/cnn/2023/10/22/business/early-decision-college-financial-aid[/quote]

Being wealthy is an advantage in pretty much everything.  You can argue this all you want but that doesn't change the fact:[b] for a need blind school there is no reason ANY STUDENT at ANY INCOME LEVEL cannot apply ED if the NPC says it is affordable[/b].
[/quote]

There’s affordable and then there’s affordable.

If you make $150,000 a year and Duke says you can afford $15,000, is that affordable?

Well, what if Hopkins says here’s a merit-based full ride, you can come here for free?

That’s $60,000 over four years. Again, your parents’ pretax HHI is $150,000. Duke says you can “afford” to give them that $60,000, but can you actually afford to turn down the full ride at Hopkins?

That’s the question ED forces families to confront. And the answer is, unless you’re poor enough to qualify for a need-based full ride or rich enough to turn up your nose at a full ride, you can’t afford to ED. [/quote]

That's a lot of typing for a thing that is not the question being discussed.

The college tells you what they can afford to give you based on your income.  YOU and your family decide if it is affordable.  If the NPC says you can't afford it then you can't afford it whether ED or RD, so it will not affect your ability to ED.

We all know college costs way too much and is unfair.[/quote]

Says the person so rich they’ve never heard of comparison shopping.[/quote]

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