College financial planner advised do not apply ED. Thoughts?

Zinhead
Mon, 31 Oct 2016 18:01:54 +0000

ED schools will not like folks gaming the system.

ED schools game the system by identifying prospective students who are willing to accept limiting their financial aid offers in return for a better chance of acceptance at one school. Schools would not do ED if it did not benefit them, and the schools that don’t do ED have decided that they don’t have to draw to pull in significant full pay students.

Obviously ED is/was intended for the colleges to allow wealthy families to jump the line and ensure that their Johnny or Jane gets to go where their little hearts desire. If you are one who needs some help paying for college then ED is NOT for you. Sorry life sucks for the poor. Kings and Queens have always been treated differently.

At schools that meet full need, the “poor” can take advantage of ED because they will get need based aid. It’s the middle to upper middle class students who don’t qualify for need based aid and cannot afford to be full pays who are screwed by ED policies.