Reply to FAFSA says we can pay $90K; should we have applied for FA?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought  that applying for  financial  aid  at a need aware school  when you  already  know you won't  qualify  drops your  chance of acceptance.  
I didn't  apply for aid an DC still  got nice offers from a few schools [/quote]

Could you explain this? Why would the school be less likely to accept your child because you apply for FA, when you don't have a demonstrated need? That makes no sense to me.

Did your DC get merit aid offers from private schools? More than $25K? That's the amount that would really make a difference to me. Anything under $25K won't help us. [/quote]

I think it depends in large part on whether school pledges to meet 100% of need (or close to it).

Some schools don't appear to give a damn what your need is (I'm looking at you NYU). They don't trouble themselves much with whether or not students can afford to attend. Other schools do try to meet students' financial need, but can't afford to be completely need blind. These schools likely sort their "accepted" students piles into those they really want and those who are on the bubble. Then they go thru the students they really want, identify need, and meet it (or try to). Then they turn to the bubble applicants, and among that pile accept those with no need and reject or wait list the rest. (IOW, yet another advantage for wealthier students.)[/quote]

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