Reply to Is college aid process biased against prudent savers?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]the correlation to your complaint, OP, is that having the ability to pay full freight might actually improve your child's chances of admission.[/quote]
Is there any truth to this in fact?  It seems logical and I see it mentioned lots on DCUM but I don't see it in real life. For my DC, our ability to pay seems greater than their chances of being accepted. [/quote]

of course it is true. even with aid some kids cannot afford certain schools or another school's aid package is more attractive or something. so, it's more likely to be a slot to open up for someone who can afford it.[/quote]
Yeah, I meant any truth beyond what you say?  [/quote]

NP here. If you can pay full freight, then your kid can apply early decision to his/her top choice school with no worries. Many colleges take a much higher percentage of early decision applicants than regular applicants, because they know the ED applicants are really committed to the college, and also because ED is in fact binding and this will boost a college's matriculation stats. (Note there are also admissions routes called Early Action and Single Choice Early Action, neither of which provide as much of an admissions bump.)

Anyway, if you need financial aid, ED is risky because you can only apply to one college ED at a time, and then you are bound to attend if they accept you. As consequence, you are stuck with their FA package, no matter how paltry or unappealing (for example, mostly loans) the FA package they offer. Moreover, it's better to be in a position where you can compare FA offers from several colleges, but you'll get the ED offer in December from many of the more selective colleges and you're bound to accept by early January or so, so basically the only offers you'll be able to compare are with the ED package and a few colleges that have Early Action and will have notified you in time.  [/quote]

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