<p>i just got a letter recently requesting more information to evaluate my financial award package. should i go ahead and pop the champagne bottle or still cling to my reservations?</p>
<p>Didn’t you get into Brown ED?</p>
<p>i would say that is a very good sign, but you will know,for sure, tomorrow.</p>
<p>Isn’t your Brown acceptance under ED binding?</p>
<p>i was accepted ed to brown, but unfortunately my parents do not believe we can afford it in light of the amount of aid i was awarded. if we knew the future circumstances at the time of my application process for brown, i would not of applied early. after receiving the letter for scholarships, loans, etc., we tried frantically to work with the financial office before jan. 1 on coming up with a better idea as to if this amount would change. since they could give us no definite answer, our only choice was to apply to other colleges and declare that i would be able to attend if they basically gave us more money. this was my only choice, either risk it all on one place, or go ahead and apply to other colleges and hope for more money. we were under the impression that brown has always met 100% of demonstrated need–as of right now, that does not seem the case.</p>
<p>so you are saying that the fact that you have a binding ED committment which to you essentially means nothing and you should not be required to be bound by your commitment.</p>
<p>All ED schools in the ivy league allow the student to break the ED commitment if there are significant financial concerns. </p>
<p>A. Dillon- I do hope that you find a school that can meet your financial need…that’s such a tough situation to be in.</p>
<p>To be fair to the OP, nothing was said about “the committment meaning nothing.” There seems to be a legit reason, and in fact colleges recognize this as a legit reason for backing out of an ED acceptance. ADillon, good luck tomorrow. I hope everything works out for you with your financial situation - wherever you end up enrolling.</p>
<p>So SI,</p>
<p>Testing for understanding…</p>
<p>
</p>
<p>Are you basically saying that if a students who want Dartmouth next year, should apply ED next year because thier chances are better applying ED. If accepted, and the money doesn’t work out to their satisfaction, they can just drop the commitment, apply to the other 7 ivies without any prejudice or penalty?</p>
<p>i don’t think just any student should apply to a school ed just for the heck of it. i applied early to brown because i truly wanted to go there. it was and still is my first choice if money was not an issue. and also it’s not that the money isn’t “to our satisfaction”. if i were to go to brown, i would end up with around 80 to 90 grand in debt coming out of college. debt like that can severly handicap my choices for future jobs or further schooling. college is supposed to broaden my options, not limit them.</p>
<p>Brown is a school that now meets 100% of demonstrated need. They calculate what they deem you need to be based on the income/assets of you and your family.</p>
<p>
</p>
<p>Cost of attendance - EFC = demonstrated need.</p>
<p>I doubt that brown is offering you 20G in loans, unless once you add how much money you would have to borrow for your EFC plus the student loans ove the 4 years to come out to this amount o f money.</p>
<p>This is where the disconnect lies. Is the 80/90 g of debt reflected as the EFC? </p>
<p>Since brown and Dartmouth are both part of the 568 group, both schools may end up seeing your FA the same way.</p>
<p>Section 568 applies only to institutional aid and only to colleges and universities that admit all students on a need-blind basis – that is, without considering the financial circumstances of the student or the student’s family. It permits those institutions: </p>
<p>to agree to award aid only on the basis of demonstrated financial need; </p>
<p>to use common principles of analysis for determining the need of students for that aid; </p>
<p>to use a common application form for institutional aid; and </p>
<p>to exchange certain financial data through an independent third party before the award of institutional aid. </p>
<p>The Consensus Approach consists of a set of common standards for determining the family’s ability to pay for college. It seeks to eliminate much of the variance in need analysis results that has been experienced in recent years. The participating institutions believe that the Consensus Approach, when applied in a consistent manner, serves to diminish or eliminate the divergent results that threaten the long-standing tradition of awarding aid on the basis of need. </p>
<p><a href=“http://568group.org/[/url]”>http://568group.org/</a></p>
<p>While membership in the 568 group works in “theory”, in practice it’s quite a different thing. Different schools are willing to bend needs analysis in ways that other institutions either don’t think about or are unwilling to bend. (and then you have Harvard’s policies…)</p>
<p>So in theory, “yes”, a student could apply to other Ivy league institutions after apply ED to one hoping for a better fin aid package. Though typically, I would think, a student would place more efforts into acceptance at a cheaper or non-private institution. Perhaps one where merit money would be offered.</p>
<p>In either case A. Dillon, I wish you luck with finding an affordable college. I doubt that Dartmouth’s package will differ significantly from Brown’s however, I truly hope that something will work out for you and your family.</p>
<p>
</p>
<p>I think you are dodging my question which specifically asked about applying to another Ivy one hoping for a better fin aid package after you have been admitted ED at an Ivy.</p>
<p>Although Ivies are no longer allowed to share their admit lists with the other Ivies (at least, not until after letters go out), they do share their ED lists. This prevents students from applying both to Yale EA (non-binding) AND, say, Dartmouth ED (binding). </p>
<p>My guess is that Dartmouth knows that the OP applied, and was accepted, Brown ED. The adcom may have called Brown to find out whether there were extenuating circumstances. Dartmouth may be looking to see whether Brown’s FA offer was in line with the documents it has. </p>
<p>It sounds that Brown was aware that the OP intended to apply to other colleges and was okay with it. I sure hope so because otherwise an acceptance to Dartmouth might mean an automatic withdrawal of acceptance at both.</p>
<p>Take the term “need blind” with a grain of salt. They will admit you but they determine what you need. The Ivies are not known to give you big bucks to fill the gap like other, non Ivy schools.</p>