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Reply to "Where "full pay" really helps?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it’s a huge advantage that you can put yourself in the ED pool. We need in state or merit aid so can only apply ED in state. Full pay is an advantage at every school that has ED. It won’t help you over the other ED applicants. But it will over the other kids who can’t put themselves in the ED pool for financial reasons. [/quote] I don’t fully understand this. My DC applied TO to T15 ED, as we felt that was the best shot for acceptance. She was admitted with no financial aid. She left her app open for UC Berkeley, where she is likely a strong candidate. Not sure which she will choose. My point is concern about finances or affordability shouldn’t prevent you from applying ED to top choice - you can and should also apply to a full slate and evaluate those acceptances against the financial aid from the ED school. This notion that an ED acceptance means pulling all other apps is incorrect - you can decline an ED offer based on better relative affordability of another school. And don’t start bringing up “financial calculators” etc etc - only you and your family know what’s affordable. And the more options for students the better - colleges hate this logic as it shifts the power dynamic. And the wealthy contingent hates it because the “pulling all other apps” completely favors the wealthy where cost is no issue.[/quote] How much more time does your DC have left to enroll at the ED school? Im not a fan of ED but once you can see that financial aid is not affordable, the apps should be pulled. Time to fish or cut bait.[/quote] I could be recalling incorrectly, but when my kid applied ED, I thought the contract we signed said if accepted, we would withdraw all other applications. I don’t recall there being room to compare financial aid or wait for why we perceived to be a better deal somewhere else. I suspect you are in breach of contract if you are holding our for “relative affordability.”[/quote]
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