Reply to College sticker shock

Forum Index » College and University Discussion

Reply to "College sticker shock"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you applied binding early decision, did not seek financial aid, and can't afford it, an acceptance will be binding.  In addition, [b]other schools will know that you reneged and will not accept you.  [/b]If you can't afford to attend without aid, you should not be applying early decision, but should ask to be moved to the regular decision pool.[/quote]

Is this true?  I've heard it, but what do they do, put your name on an email blast?[/quote]

[b]We heard from college counselor that the schools have access to shared information, at least on Common App.  A student who applies ED and seeks financial aid, but doesn't get a package they can afford, is generally allowed to withdraw from the binding ED obligation and reapply.  But a student who simply changes their mind, or who expected some merit aid (unreasonably) and didn't get any, should not.[/quote][/b]

This is true but I'd add in one tweak.  If you apply ED and seek financial aid and don't get it you don't get automatically out of the agreement if the NPC on the college's page said that you could expect zero in merit and zero in financial aid.  Otherwise, everyone would try to buck the system by applying ED and then, if the student changed his or her mind about the college, say "well the EFC says . . .".  The NPC takes into account the FAFSA and CSS results.  That's why someone wisely said a few pages back to take a screenshot of the NPC.

For most people in the DMV area, the chances of getting a low percentage of EFC is close to nil (we make too much money or have investments or houses).  We got 100% EFC and no merit so were full pay all the way.[/quote]

Yes, this.  OP, if you can't honestly afford for your latest child to go to the school to which they applied binding ED, they should pull out ASAP.  If the aid that the school offers is in line with the expected family contribution, that school could reasonably hold you to that - and that would effectively mean your child couldn't go to any other school if they pulled out. It's discretionary on them to let you out if the aid doesn't match what you need, but if you had no expected need-based aid I am not seeing how this works for you.  Your kid could end up with nothing but community college.  Come clean to the ED school is your better bet.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics