Early Decision and Financial Aid

nyc
Tue, 24 Jul 2007 16:17:39 +0000

EA isn’t binding


It is unlikely that a candidate will receive an ED finaid package too late to apply elssewhere.


ED schools know that the finaid offer may be dispositive for some candidates. With EDI, decision letters go out in early/mid December with a prelim finaid award (we submitted addit info and the college decreased our family contrib.). If a studetnt declines EDI admission, s/he still has
“plenty” of time to complete other apps during Xmas break. Indeed, this is the fallback position of students who are denied during EDI.
Since the EDII app deadline is close to the RD deadline, most EDII candidates have completed apps at to other weeks before they receive their EDII decision.
If you’re getting your ED decision after December, it’s EDII. The EDII application deadline in ususlly in January app deadline and EDII is often the choice of candidates who didn’t get into dream sch during EDI, but have a definite second choice sch. Since the EDII app deadline is close to the RD deadline, most EDII candidates have completed apps at to other weeks before they receive their EDII decision.