Applying ed, buying a ticket to hell?

mazewanderer
Fri, 13 Aug 2010 10:58:52 +0000

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.



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.