College financial planner advised do not apply ED. Thoughts?

mathewjn
Mon, 31 Oct 2016 21:12:44 +0000

Forgive me for the ignorance here - but I have struggled to understand this ED process…and my S is in the process of applying for admission to the Fall 2017 semester.

What are the consequences of applying for ED, getting admitted and not accepting because the merit/financial aid was insufficient and the balance due/per year was completely out of reach for the parents?

Also what are the advantages of ED?