Reply to Full-pay advantage: can someone break this down?

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[quote=Anonymous]
It was confusing for us with 2021 kid. We ran the EFC at his top 2 schools just to confirm we wouldn't receive aid. But 2020 created a financial burden for many colleges. 2020 also affected our income, but if we had submitted FAFSA it reflected 2019 tax return. We made a unified decision that applying without need might make a difference for DS. In the end, it was 50/50. Rejected ED from reach and his top choice, accepted at his 2nd choice after an oddly short deferral (like weeks after). We attribute this short deferral to his solid follow up interest, multiple times. Maybe he would have been accepted anyway during RD round because we wer full pay. Despite full pay, two true safeties offered him merit award 120k/4yr from one, and 108k/4yr at the other with an extra 10k grant (not sure if it was over four years).

Long roundabout to pp questions: he's a happy freshman at choice 2, and he just filled out FAFSA for 2023. He said the school flashed it on their Instagram page telling current undergrads to submit FAFSA by 2/1/22 even if they didn't submit in prior years. CLINCHER: even though they emphatically said in info sessions that merit aid isn't contingent on FAFSA submission, we had to submit it after acceptance to get a pittance of merit aid. Gotcha moment. Schools want to know your ability to pay for four years. Wonder if we'll get a bit of aid. It would certainly help right now as we move money around, but not a detriment if not.[/quote]

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