Disadvantages of ED? Any?

sybbie719
Mon, 26 Jun 2006 15:53:58 +0000

Read the financial aid requirements for each school you are considering. Schools that only offer need based FA : the ivies, MIT, Stanford (not including athletic scholarhsips),etc. will require the CSS profile in addition to the FAFSA (which only determines your eligiblity for federal aid; pell/seog grants,stafford and perkins loans).

Keep in mind that schools that use the federal methodology and schools that use the institutional methodology look at different numbers in determining your aid, so there will be a big difference between the EFC you get from the FAFSA and the EFC you get once you file the CSS profile or a schools institutional aid forms.

I would suggest running your numbers through the college board’s website using both methodologies.