Applying ed, buying a ticket to hell?

thumper1
Fri, 13 Aug 2010 17:53:09 +0000

i am app ed bc of my no1 school, maybe i am over woryed, my sister app ed but didnt rej her college bc of fin aid. so in total how much would an ivy or a state school provide(assume that the tuision is 20000 or 40000 per year)



NASA, the above post really makes no sense to me. I’m not clear what your abbreviations even mean. I’ll try to answer you…but really I’m completely unclear what you are posting. Please post in clear complete words, it will help everyone here.

You are applying because of your “no 1 school”. Do you think you will have an admissions “edge” by applying ED? I’m going to be frank. The “edge” isn’t that significant. If you don’t have the stats to be accepted regular decision, it’s unlikely that you will be accepted early decision. And many of these very generous schools are need aware, so your ability to pay might come into consideration depending on where you apply.

How much will the school “give you”…? Who knows? It all depends on your PARENT’S income and assets and you haven’t posted those here so far as I can tell. Need based aid is calculated primarily using the income and assets of the parents. The more generous schools also use the Profile and this will ask even more indepth information about your family finances. Your home equity will be asked, and some schools want car values and balances in retirement accounts.

The Ivies meet full need. Most state schools do not. The Ivies give no merit aid. Many state schools do (some don’t). Most of the Ivies use the Profile (Princeton doesn’t but they use their own form). Most state schools are FAFSA only (a couple use Profile) but FAFSA really only determines eligibility for federally funded need based aid.

So…how much will YOU get in aid? No way of knowing…even if we had all the financial information, there would be no way to tell you EXACTLY what your aid would be. But we could give you a ballpark if you tell us the schools to which you are applying AND your parents full income for the year.

P.S. Unless you plan to commute from home, you need to be concerned with the total COST OF ATTENDANCE (tuition, room, board, fees, expenses) not just the cost of tuition.