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College and University Discussion
Reply to "“ED is to locked down full payers”"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Very few schools are completely need blind. [/quote] +1 Also, ED is not an option for those who need merit aid to attend, i.e. those who neither qualify for need-based aid nor can pay full freight.[/quote] Merit aid families often have the money to pay, at least for a state school but the parents choose to spend their money in other ways expecting help for college. It's pretty shocking ot see families making $250+ having such high expectations for aid. Schools should base it on need.[/quote] Agreed. If you have been making 250K for a few years, you likely had the means to save. The fact you chose to spend elsewhere is not someone else's issue. We started saving as soon as kids were born, as we knew we would never get any need based aid (2 engineers). We saved rather than taking fancy vacations, we made coffee at home rather than getting Starbucks....saving an extra $100-200/month easily with just the coffee and eating out. Put it to work for 15-18 years along with additional targeted savings and we are well positioned. [/quote] Leaving aside the necessity of beating the crap out of this horse, the question in this thread isn't whether you know everything about other people's economic circumstances; it's whether ED confers an advantage on those who - with the exception of need-blind schools - are comfortably full-pay and don't need merit aid or financial aid. The answer is yes. [/quote] Of course the answer is Yes. Not much in life is "fair". Those same kids who will be full pay also likely had tutors as needed along the way, a brand new computer every few years, enriching summer activities from a young age that might have cost $$$, a college counselor to help with the application process starting in 9th grade, 1-1 SAT/ACT tutoring, a comfortable roof over their heads and no concern with having clothing, a warm jacket, food to eat, transportation, etc. Those kids likely had many advantages along the way. Such is life. there will always be others who have "more"/perceived to have it better than you. However, there are still many many MANY great choices of colleges for all kids to attend. Including applying RD to those same universities. The perceived difference between ED and EA/RD is not the straight numbers published that you see, as the ED includes legacy/athletes/highly hooked/etc students who were going to get a spot no matter what. So yes ED gives a slight edge, and yes donut hole families often cannot take full advantage of that slight edge. But my full pay kid applied ED to a T10, was deferred and then rejected. Being full pay and top stats still didn't get them an acceptance. For majority of the top 20-40 schools the SAME thing happens whether you are ED or EA/RD---you don't get accepted. The real ED rate for normal kids is only slightly better than EA/RD. Not the glaring 25% vs 5%---it's closer to 10-12% vs 5-6%. However, my kid is thriving at their 2nd choice[/quote]
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