Applying ed, buying a ticket to hell?

Yurtle
Sat, 14 Aug 2010 00:08:57 +0000

It depends on the school and the package. If your EFC is low and the school asks you to take about $30,000 in loans, then there is not much the school can argue about. That is not good aid. The problem arises when your loans are lower but not minimum. Schools can ask you for more proof. For example if you say you will not qualify for PLUS loans, they could you ask to see a rejection from a loan originator. I am not saying it will happen every time, but there are enough horror stories of schools playing hardball.

Bottom line, if you have severe financial constraints play it safe and apply EA and RD.



They weren’t asking me to take out $30,000 loans per se, but they did have legal documents stating that I would only have $12,000 a year to go to school, and that telling me my EFC should now be over $40,000 was silly, especially because my actual efc was much lower.

The loans in the package weren’t bad. The “hidden” loans were horrible.