Early Decision and Financial Aid

fencersmother
Tue, 24 Jul 2007 08:53:33 +0000

I advise my kids not to apply ED, even to their #1 school. The loan burden can be so high kids are still paying off their college loans well into their 30’s. The burdens are tough right out of college (or grad school), but get even worse when you are also a young parent paying your own children’s school tuitions. Financial Aid officers seldom show kids what they’ll be paying, for how long, and on what salary. I know of recent college grads in Sociology (!) with a monthly student loan payment of over $1000/month.