Early Decision and Financial Aid

calmom
Tue, 24 Jul 2007 23:31:05 +0000

If there are any changing circumstances – such as a parent who is intermittently employed with a fluctuating income – then the preliminary ED financial aid award isn’t worth much – it will change in the spring when the EFC is recalculated with current financial information. So in the case of a student facing a situation where the parents have made more money in the college application year than previous years – the student will be in the position of receiving a final aid award form the ED school well past the deadlines for applying anywhere else.