Early Decision/Financial Aid
Wanted to get some opinions regard applying ED and financial Aid. First, some background information. We live in the midwest and Lafayette is my daughter's first choice. We were able to visit over the summer and really think it is a good fit for her.
Her GPA are above the middle 50% of last years class, so I guess that would put her in the 25%. She is interested in Engineering and is also being recruited for a varsity sport, not one of the few that offers scholarships. Has a 31 composite on the ACT.
Have completed the net cost estimators and they predict a $5,000 grant, $2,000 campus job, and $6,500 loan. Based on what we can actually afford to pay, the only way we can make this work is if she is awarded the Marquis Scholarship. After reviewing the criteria listed on the website, I am afraid her test score might be a little low.
Does applying ED give any advantage in terms of Scholarships? I read the article by Robert Massa written for the NY Times last year making the case for Early Decision. Reading between the lines somewhat, he does seem to hint there is an advantage for ED. He also states that they will allow applicants to withdraw if the financial aid is not enough, which is different from what some other colleges have said.
Basically, we are at the point if we get aid/scholarship for about half the tuition, she will go there. If not, we simply can not afford to send her there.
Thoughts on applying ED or other ways to improve chances for the Marquis Scholarship.