Reply to “ED is to locked down full payers”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do so many posters think this?  In my kid’s friends group, everyone doing ED at a selective school is looking for financial aid. The thought process is that (1) ED typically has higher admit rates and (2) you can withdraw if you don’t like the package.

Are people implying need blind schools reject FA kids at higher rates during ED? Or do they not realize ED agreements allowing you to back out of the school can met a family’s need? [/quote]

You can be either comfortably full pay or know that you will get a near full ride at a need blind school. For any one in between where merit is necessary or where price matters, ED is out. [/quote]

This bums me out.... we're right on the cusp where we won't qualify for need based aid but really can't shell out full tuition. We're hoping for merit aid (or state school). That's fine, except more and more I'm hearing that ED gives an edge in the process. So nowadays, it feels like my kid will be at a real disadvantage having to go RD at all schools. Is that right?[/quote]

We’re a donut hole family. Both my kids had strong preferences and both applied and  got in ED. One to Oberlin, which did do a merit pre-read. It’s been tight, but we have made it work. Oberlin is interesting because the have a very high percentage of UMC kids from good public schools, compared to many other SLACs.  They work well with donut hole families.

The other went to WM, where we pay $17,000 a year tuition, rather than almost $24,000+, because we have 8 semesters of VA prepaid 529s, so VT/JMU/UVA/WM all cost us the same tuition.

Our Obie would have almost certainly gotten in RD. But, he knew what he wanted.  Our WM kid was very borderline and needed the ED bump (and demonstrated interest bump). She was not highly competitive for the ED pool.

Nobody is graduating with debt. WM kid closes us $20k less a year and will graduate with $80k+ for grad school.

If you are in a donut hole, you can’t pay for colleges with no merit— whether you apply ED or RD. For schools that gopive significant merit, you can request a merit pre-read. Worse case, they say no. [/quote]

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