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]
Yup.  That’s why ED is a rich kid’s game.  Poor kids need to see the financial aid offer and can benefit by comparing packages.
[/quote]

I don't understand this. Say I'm a (relatively) poor family with only a 25k budget. I ran the NPC of my kid's favorite, need-blind school and the net price after need-based aid is 20k. Seeing that this estimate is within budget, my kid ED there and is fortunate to get in. If the actual offer is anything below 25k, we're done. If it's anything above, [b]we can get out of the ED.[/b]

So why is ED a rich kid's game? Honest question because I've seen this way of thinking a lot on DCUM, and am afraid that there is something fundamental I just didn't know. (I understand that waitlist is mostly need-aware which is when rich families have advantages.)[/quote]

Bolded is the problem. No, you cannot. [/quote]

For someone so certain, you sure are wrong.  100% wrong.  You can get out of the ED agreement if the actual offer is less than the NPC number, with no penalty to you or the high school.[/quote]

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