<p>For all in this thread who think that it’s OK for the OP to decline the Penn ED admission, even though the FA package Penn offered did not make attendance a financial impossibility because she got a better deal elsewhere which would help her and her parents financially, a little hypothetical for you: </p>
<p>Student A is admitted ED to her first choice school in mid-December and given a financial aid package worth $30,000 per year. The same thing happens to 9 other students. All pull applications from other schools as they promised. In the spring, the school discovers that there are literally hundreds of students who have applied per their January 1 RA deadline with better credentials than the 10 with hefty financial aid packages, all of whom can and are willing to pay full boat. And oh, by the way, the school, as was the case with Brandeis in the Madoff matter, suffered a serious financial hit during the year.</p>
<p>Most acceptances to colleges allow the college to rescind the offer if a student suffers a downturn in performance after acceptance. So if the school decides to pinpoint a drop in a class from an A to a B, quitting the basketball team, or any of a dozen other changes in performance/resume and label it a basis for ridding itself of $300,000 per year in financial aid packages, would this be OK? After all, economic circumstances have changed for the school, and it can get a “better deal” if it takes all the full pay kids and dumps the ones to whom it is giving substantial financial aid. And please don’t tell me that the school’s acceptance was binding–for those in this thread who believe that Penn’s ED acceptance was conditional, rather than binding, because there are situations where the student can back out, you’d have to label the college’s acceptance to be conditional as well, since there are situations where the college can back out. </p>
<p>In the end, the “difference” in the two situations is that one is a seventeen year old kid changing her mind, while the other involves adults. As the parent of three kids–one 21, and two high school students–this would ordinarily matter a great deal to me EXCEPT that in this case, the student has plainly applied ED to gain an admissions advantage, and cost other students in the process. There are threads all over this forum about kids having trouble coping because they have gotten rejected or deferred at their top choice schools in favor of other kids (and/or their parents) who have pleged to attend the school. These kids are scrambling to fill out other applications, cope and refocus on other choices. Allowing the kids who got in to now back out because they got a better deal elsewhere illustrates a really important principle–backing out on commitments is an action which can have consequences which extend beyond merely the two parties to the agreement.</p>
<p>For me, I’d like my kids to go to the best school fiscally reasonable. More importantly than that though, I’d like them to learn that actions have consequences, and their word means something. The decal on the back window of my car means less to me than the adult my child grows up to be.</p>