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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]DC did get merit aid offers, 24-27k from privates, and full tuition oos 23-38k from publics, as well as a few offers in the 10k range from less generous schools. There are lots of schools which aren't need-blind. When you check on common app (or wherever) that you plan to apply for need based aid, admissions doesn't know that your EFC is 90k; they haven't seen those figures. From Admissions standpoint, if there are 2 equally desirable candidate, one of whom is full pay and one of whom is asking for aid, they'll likely take the full pay. I think GW had a scandal a few years back about claiming to be need blind when they were not. California high schoolers get upset at the number of OOS kids accepted to the California schools; the consensus is that qualified in-staters are denied in order to admit OOS kids or foreigners who will pay the extra 23k premium[/quote]
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