Reply to “ED is to locked down full payers”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous] 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%.  [/quote]

So, [b]double[/b]. It [b]doubles [/b]your chances.

That WAY more than a "slight edge".[/quote]

Point is the majority of kids will still be REJECTED from an elite university.  Try not to take it personally.

But any kid who has the resume to earn their "lottery ticket" to the elite university admission game is capable of  excelling at any school, assuming they have not come to expect they are so special, so smart, so entitled to attending a T20 school.  It's your job as a parent to prepare your kids for real life, and that includes helping them pick a balanced list of schools to apply to and a major discussion about finances and what is realistic for your family.  The sooner you do this the happier you and your kid might be.   Yes, it sucks but people with more money than you will have some advantages in life---not just in college admissions. The key to being happy is to manage what you have with the best choices available. And that means not trying to buy a Lexus if you can only afford a Honda. Doesn't matter that X, Y and Z all can afford a Lexus---you will go further in life if you stick with what you can afford.

And the Lower income kid who had to work a 15+ hour/week job while in HS just to help the family pay the bills and put food on the table likely didn't have the advantages of a MC kid who could attend after school tutoring, participate in sports, clubs, etc.  They may be first generation so no help at home from someone who knows what preparing for college is/what classes are needed/etc.  So your kid has an edge at just being college ready over them because they've had an easier go at academics and less stress.

I guess I don't see why everyone wants ED eliminated.  First, universities can do what they want, especially the private ones.  Nobody can control that.  So even if the governemtn/states make rules that Public Universities cannot do ED, that would put them at a distinct disadvantage.  First, they would loose access to the kids who get into the elite schools and can afford them. 2nd, Full pay students (especially OOS) at state universities help fund the in state students. Even full pay in state students help fund merit/financial aide for those who need it.   
At private schools, if they don't have a certain amount of full pay students, the overall costs would go up for everyone else.  So instead of $80K it might easily be $90-100K.   So be careful of what you wish for.

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