Reply to Does applying early decision completely remove you from consideration for merit aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NP. I worry about this, too, as DS has started talking about applying to a reach school ED. I asked about merit aid and ED on a recent visit to U of Chicago and the admissions counselor claimed to have no idea/no information about how merit aid varied by decision pool, or averages across ED/RD. [b]Also, she said she had never heard of anyone having to turn down an ED offer because of cost. I think my eyes about rolled out of my head when she said that. [/b]
I feel like ED is something of a scam by schools to get as many kids in full pay as possible, making it easier to meet their lofty goals of meeting 100% of financial need. Anyway, no good answer for you, OP, but the very same question keeps me up at night. 
[/quote]

Likely she was thinking that people understand that when applying ED, you are making a binding commitment, and need to be able to foot the bill without aid.

I am not sure why this surprises you.  It says more about you than it does the admissions counselor.  [/quote]

A universally accepted reason for opting out of an ED acceptance is lack of affordability.[/quote]

Yes, if the [b]*financial aid*[/b] is insufficient and doesn't synch with the Net Price Calculator result, then you can get out of your ED commitment.

Merit aid however is a different animal.  If you don't get the merit aid you hoped for, that does not permit you to opt out of the ED acceptance. [/quote]

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