Applying ed, buying a ticket to hell?

Yurtle
Thu, 12 Aug 2010 22:43:10 +0000

Generally if you have large financial needs, you should not apply ED. It is OK to say “I will apply ED and if I do not like the aid, I will turn it down”. First it is difficult to prove that and second you really do not have a basis to compare. Let us say the ED school gives you an offer that needs you take $10000 in loans and covers the rest. Is it good or bad aid? Can you really qualify for those loans etc? It may take you time to even determine if the aid is affordable and by that time you have missed the RD window. May be another school not that reputed gives you better aid. It is better to apply EA and RD instead of ED.



I was never made to “prove” it. I simply told my ED school with my newly adjusted package that I’d have over $130,000 worth of debt after four years if I attended and thus would not go.

The statement was true, they didn’t make me back it up with anything though.

I would still not apply ED because as an ED student the financial aid package you get in Dec. can change by a LOT come the RD round- maybe your parent’s income changes, or maybe (like my school) they “overbudgeted” and adjust accordingly.

That is to say, it’s not that hard to be released (from my experience) from an ED contract, because it IS based on what you and your family personally believe they can pay, but it’s not the option that you really want to take or go through anyways. And despite being released, my ED school continues to send my parents the School Magazine, and assign me with a “big sibling” older student, as well as- audacity of all things- ask for donations.

It’s not worth the hassle, frankly, to apply ED and then rescind.