Wash U E/D & financial aid

<p>My daughter submitted e/d process to her High School for Wash U, because they asked anyone who apply E/D to make a school choice by Oct 15th. We are in East Coast, and her high school has very high percentage for e/d acceptance rate at Wash U (almost everyone), although they are only 1 - 3 students each year. After submitting it, I was told that Wash U's financial aid package is not as generous as some of east coast liberal art schools, and my freinds are questioning me why we e/d, not knowing Financial Aid package.
My daughter tells me it is too late to reconsider, even actual e/d deadline is by Nov 15th.</p>

<p>My question is ;
1) How generous their financial aid package, when our household income at current is below

<p>2) When can we find out the financial aid package?</p>

<p>3) If our portion ( including a student loan ) is too much, can we withdraw without any penalty?</p>

<p>Thank you very much.</p>

<p>1)Well I think the amount of FA you receive is be slightly influenced by the strength of the candidate’s application( If accepted). But from what I hear, ED FA packages are more generous than RD (This may not be true). I cannot comment on how much exactly you will receive if accepted.</p>

<p>2) Financial Aid packages will be posted about a week after decisions(May fluctuate slightly year after year)</p>

<p>3) The general consensus is that if you are not happy/cannot attend the school due to a unreasonable FA package, you can withdraw from the ED clause. I’m am not 100% sure so you might wanna call up the school :)</p>

<p>I hope this helped.</p>

<p>^mcjung123, FA is a risk factor of ED application in favor of higher chance of admission.
But in your case with income below $50K, you will get good FA from WashU.
Please see below what WashU indicated in its website.
“WUSTL has eliminated need-based loans as part of its undergraduate financial aid awards to students from low- and middle-income families. Entering freshmen and returning full-time undergraduate day-school students with parental incomes of less than $60,000 annually are not awarded need-based loans and instead receive grants from the university that will not have to be repaid.”
I will envy you since my D will not get this amount of FA like your D if accepted.
And so, I didn’t allow myD to apply as ED although WashU is her top choice.
WashU is great school and your D’s decision could be right.
Wish it make you relaxed on your D’s ED application as well as future success there.</p>

<p>Yes, you can decline if the FA package is not sufficient. However, one thing that stood out to me was this statement: our household income at current is below

<p>You don’t have to answer this, but what comes to mind is: what do you mean by “at current”? If there is a dip in your income, but you have other assets, that will be taken into account. For instance, if your income is <50k, but you own a house worth 500K, or you own a business-you will not get the same package as someone whose income is <50k and has no other assets. Also, they will want to see your tax returns…so if your income at present is that low, but last year it was much higher (according to tax returns) that is going to take additional explaining.</p>

<p>Run the Net Price Calculator on their website-that should at least give you an idea of where the FA package will likely fall.</p>