Reply to Is Early Decision Just Volunteering to Give Away All the Cash You Have?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. Early decision is only for the rich and keeps the poors out.

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Except it doesn’t.[/quote]

So then why does everyone agree that you should only apply ED if you are sure you can afford it?[/quote]

Multiple people have posted stories about kids who go in ED who have significant need-based FA.  Why are you ignoring that.  I'm sort of on the fence about whether ED is a good or bad thing --- but I don't think that the money thing really weighs in.  If you are eligible for need-based FA, it doesn't change the picture at all.  If you are full pay and aren't worried about comparison shopping, then it doesn't change the picture at all.  If you are not eligible for FA, but are middle class hoping to get merit aid, you should not be applying to schools like Brown, Northwestern, Columbia, Duke, etc., anyway, because those schools never give merit aid.  There are a fair number of schools that give merit aid for EA kids, so if you are shopping for merit and hope to be able to comparison shop, you should look into EA.

There is a small number of kids whom ED disadvantages ... these are kids who are saying "Well, I would go to Brown full-pay if I could get into Brown AND I could not get merit anyplace else.  But if I got good merit at someplace like Tulane, I would pick that over full-price at Brown."  That kid is giving up the opportunity to get a slight advantage in admissions at Brown by not applying ED so that they can see if they get merit at Tulane.  I just don't think there are that many kids in that scenario.  And, if they are and really had a shot at Brown, they will probably get the merit at Tulane (or whever) applying RD, so even if they don't get into Brown, they will end up in the same place---at Tulane with merit.  
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BINGO!!!!  The people complaining are "donut hole families" who are told "you should be full pay anywhere" but have not chosen to save enough for that (And if you haven't saved enough then it's definately the smart choice to find a place that is affordable to your budget).  But they want the advantages of ED and they want to compare merit offers.  Well you don't get to do both, as that's not the definition of ED.  
Also, Brown isn't giving you merit (or any other T25) in RD either, so you need to make a choice in October whether you want to chase merit or are willing to pay $90K and hope for an ED advantage.

You don't get to do both
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