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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Trying to make sense of this:

Rich/wealthy people who can afford 50k-90k/year for college but who [b]want[/b] merit awards shouldn't apply ED if they can't or don't want to pay full amount, i.e., you can't withdraw app if admitted if FAFSA (and NPC) says you can afford full pay.

MC and lower who [b]need[/b] financial assistance may safely apply ED because if accepted and COA falls above what they can reasonably afford to pay per FAFSA (and possibly NPC), they may withdraw app. Should check with individuals school's FA or admissions offices before applying ED to make sure this is the case.

MC and lower kids with high stats who are accepted to certain schools (need-blind? or those that guarantee to meet financial need?) could get financial aid or merit award, but probably not both?

High stats kids (of any SES) should not apply ED to lower tier privates that give out merit like candy.

Correct or off base?[/quote]

Essentially.  The key number is going to be the school's NPC, if they don't meet that you have an out. You may as well direct any and all questions to the school directly, since for ED you're dealing with a single school.  This is exactly the approach we took and were comfortable with.  A merit award will have no effect if it's not lower than need,[b] but in that case, it's still a cap on potential cost should family income increase over the time in school[/b].[/quote]

Thanks. And I was not aware of the bolded part, so that's helpful.[/quote]

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