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College and University Discussion
Reply to "Early decision seems like a scam"
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[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] If a college wants you badly enough to reduce the FA to get you, then you don’t need any benefit from ED, do you? That also goes for merit aid: If a college will give it to you, then you don’t need ED to apply there. None of the top schools, including the ones that have ED, give any merit aid. If you are in the situation where you need to shop merit aid or try and start a competitive action for FA, you do not need any benefit from ED, and should not use it. However, as has been pointed out so many times in this thread and others, if the NPC says you can afford the school, you can apply ED. And if the school is need blind, that will not factor in to the decision, but if it is, then you get a benefit from that as well. THAT is where ED can benefit those that don’t qualify for financial aid. And only there. Yes, full pay matters at most schools. [/quote]
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