<p>I called the financial office at Smith and asked about the availability of financial aid at this late time in the admission year and was told that financial was based on the formula and not the time of application]]</p>
<p>Thanks Un-soccrer-mom. I believe this is what I was attempting to convey. ED, RD or transfers are all treated equally when accessing the amount of aid awarded based Smiths formula. One caveat; after admissions has admitted about 95% of the 1st yrs, they access how much of the aid allotment has been allocated. Theres a very complicated formula Smith uses to obtain aid awarded, expected yield of need based students, etc. If smith believes the aid has been depleted, or close to it, the final 5% of apps are admitted on ability to pay full costs or close to it, however; this doesnt occur every yr. Many yrs every student is admitted regardless of ability to pay. This fact might or might not be pertinent in a students/parents opinion when considering RD or ED</p>
<p>Hz_paula, your other consideration is TDs very important comment “Meeting financial aid” can mean lots of things; if one college is giving you eighty percent loans, another 80 percent grants, it can mean a big difference to the financial burden a student will carry after graduation…but the college giving 80 percent loans has still “met 100 percent of financial need.”</p>
<p>Hz_paula, Smith offers the largest portion of aid in the form of grants in lieu of loans.</p>
<p><a href=“http://apps.collegeboard.com/search/CollegeDetail.jsp?collegeId=1376&profileId=2[/url]”>http://apps.collegeboard.com/search/CollegeDetail.jsp?collegeId=1376&profileId=2</a></p>
<p>Financial Aid Statistics
Full-time freshman enrollment: 615
Number who applied for need-based aid: 466
Number who were judged to have need: 366
Number who were offered aid: 366
Number who had full need met: 366
Average percent of need met: 100%
Average financial aid package: $29,183
Average need-based loan: $2,058
Average need-based scholarship or grant award: $25,169
Average non-need based aid: $3,465
Average indebtedness at graduation: $25,023 </p>
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