Reply to Is Early Decision Just Volunteering to Give Away All the Cash You Have?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we have a neighbor, their child wanted to go to a reasonably top-ish university. Got in early decision. Great!

Find out afterwards they end up being charged what I think seems like the max this couple can possibly pay with loans. Think like the above $70K ones you read about and then add on room and board, nickel and dime stuff, etc. YOW.

Is that what you get by going early decision? A trade off between admission and maximum payment, basically?[/quote]

Pretty much. You are giving up the opportunity to entertain better financial offers. [/quote]

You're confusing need based aid with merit aid.  Need based aid is not going to change (and the top schools do not give merit aid)  Merit aid is found at the 2nd tier schools and below[/quote]

Here is a whole thread about how different schools come in with different numbers for so-called “need-based” aid, and many will change their offers to “match” offers made by peer schools, because they understand that how much you “need” depends on the price a peer school is offering you: https://www.dcurbanmom.com/jforum/posts/list/1276157.page#30144420.[/quote]

This is false.  Need based aid does not change[/quote]

That would indeed be a simple and intellectually coherent rule, but the real world is complicated, and in the real world, so-called “need-based” aid changes all the time. [/quote]

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