College financial planner advised do not apply ED. Thoughts?

1or2Musicians
Mon, 31 Oct 2016 19:21:09 +0000

Also, for low income people, even a small difference in aid packages can make a big difference to the family. So that makes ED a challenge.

I was a lower income student (Pell eligible). I applied to schools that met full need. My parents could have afforded any of them but I opted for the cheapest without much hesitation. This was many years ago and I don’t remember the exact amount of the difference (I do remember how much my loans were and they were less at the school I chose). I’m sure to full pay families, or even those who could afford half the cost, the amount wouldn’t have been that big a deal. But to my family even a few hundred dollars was something to consider carefully.