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Reply to "Where "full pay" really helps?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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] It is not appropriate to keep applications open after you get in ED. That’s the whole point of ED. Merit aid is not a factor. If you have a change in financial status from time of application to ED admission then you need to let the ED school know and request to change to non binding status but to keep other applications open without discussing with ED school goes against ED contracts and the students admission may be withdrawn. [/quote] we will evaluate after she gets into UC B - sounds like you had the luxury of not having to compare financial implications - congrats to you[/quote] NP. Your approach is antithetical to the ED agreement. If you didn't like the ED school's cost (per NPC before applying or per actual package in-hand), the time to withdraw is now, regardless of other options. The ED school doesn't become more affordable when coupled with a UCB rejection. When is your ED school's enrollment deadline?[/quote] The ED school is free to sue. If they’re confident the contract will withstand scrutiny, they should sue. I think there is a reason that there is zero case law related to ED enforcement[/quote] I am the PP that you responded to. I agree completely that no college is going to sue. ED is not a legally-enforceable contract. I am not a fan of ED's existence. The name sharing angle might violate the Sherman Act if colleges are still doing that. And more generally, the gist is anticompetitive. But, if people are going to avail themselves of the (perhaps perceived) acceptance rate benefit, they need to follow the rules of the agreement: withdrawing other apps upon acceptance unless the school's offered package is not affordable. Anything less is unethical. Everyone should know going in that ED does not permit the student to wait for other packages and back out merely because the ED school's package is less than some other school's merit offer.[/quote]
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