<p>It depends on the school and the package. If your EFC is low and the school asks you to take about $30,000 in loans, then there is not much the school can argue about. That is not good aid. The problem arises when your loans are lower but not minimum. Schools can ask you for more proof. For example if you say you will not qualify for PLUS loans, they could you ask to see a rejection from a loan originator. I am not saying it will happen every time, but there are enough horror stories of schools playing hardball. </p>
<p>Bottom line, if you have severe financial constraints play it safe and apply EA and RD.</p>
<p>I applied EA to both my top schools. It has no huge advantage besides getting a weight lifted from knowing sooner. Personally, I was just really excited to apply for my top schools and had my application materials together by the Fall of my senior year of high school, so I figured, why not just send them in? Frankly, though, I think some people put wayyy too much pressure on themselves anymore.</p>
<p>I really want to know why the OP wants to apply ED. ED is typically for students who absolutely want to attend the ED school and will commit to doing so early. If the OP is thinking about backing out of the ED agreement for ANY reason, it is my opinion that the OP hasn’t made that kind of commitment to the ED school. </p>
<p>As a parent, I would not permit my kids to apply to ED schools. Too much cn change about the student between November (when ED aps are due) and the end of April when most students are choosing a school. Unless my kiddo had a compelling desire to attend a school AND we could afford to pay whatever they told us we had to pay…I would not allow ED.</p>
<p>I don’t think even then I would do ED. I would only ever do EA. I was dead-set on a school that I didn’t end up going to because I made a last minute (well, “last minute” for me, still before the EA deadlines at most schools) visit to XU and loved it more.</p>
Imagine if some proof were ever necessary, but the school did not accept the proof. What would they do? Somehow force attendance and then expel the student when the bill couldn’t be paid? That’s why proof is not needed; simply declining the offer is enough.</p>
<p>But ED is a bad idea in this case anyway. ED should only ever be used at the one dream school above all others, when there is a good statistical chance of acceptance, and there’s a good chance that the financial aid will be enough.</p>
<p>i am app ed bc of my no1 school, maybe i am over woryed, my sister app ed but didnt rej her college bc of fin aid. so in total how much would an ivy or a state school provide(assume that the tuision is 20000 or 40000 per year)</p>
<p>NASA, the above post really makes no sense to me. I’m not clear what your abbreviations even mean. I’ll try to answer you…but really I’m completely unclear what you are posting. Please post in clear complete words, it will help everyone here.</p>
<p>You are applying because of your “no 1 school”. Do you think you will have an admissions “edge” by applying ED? I’m going to be frank. The “edge” isn’t that significant. If you don’t have the stats to be accepted regular decision, it’s unlikely that you will be accepted early decision. And many of these very generous schools are need aware, so your ability to pay might come into consideration depending on where you apply.</p>
<p>How much will the school “give you”…? Who knows? It all depends on your PARENT’S income and assets and you haven’t posted those here so far as I can tell. Need based aid is calculated primarily using the income and assets of the parents. The more generous schools also use the Profile and this will ask even more indepth information about your family finances. Your home equity will be asked, and some schools want car values and balances in retirement accounts. </p>
<p>The Ivies meet full need. Most state schools do not. The Ivies give no merit aid. Many state schools do (some don’t). Most of the Ivies use the Profile (Princeton doesn’t but they use their own form). Most state schools are FAFSA only (a couple use Profile) but FAFSA really only determines eligibility for federally funded need based aid.</p>
<p>So…how much will YOU get in aid? No way of knowing…even if we had all the financial information, there would be no way to tell you EXACTLY what your aid would be. But we could give you a ballpark if you tell us the schools to which you are applying AND your parents full income for the year.</p>
<p>P.S. Unless you plan to commute from home, you need to be concerned with the total COST OF ATTENDANCE (tuition, room, board, fees, expenses) not just the cost of tuition.</p>
<p>Harsh but reasonable …
Sorry about my poorly constructed words, I was using my small old phone to post
I am applying early decision because my number one choice of schools is high ranking. And so I have a better chance going early decision. My sister did do that and went without problems. But as time went by, with this horrible economy my financial states is not as settling, I just wanted to know before I committed myself to anything, is it heaven or hell?
Now let me trouble you in asking
What is the normal (average) cost coved by a school. Assume that one is an ivy league and the other a state school. How much would (assumingly) the financial aid cover, in maximum and minimum circumstances?
Stat institution tuition is 20000 per year
Ivy tuition is 40000 per year.
And yes I know what they say about ASSuming
thumper1 has answered it pretty much but what do you have to say? Hell or heaven.</p>
<p>They weren’t asking me to take out $30,000 loans per se, but they did have legal documents stating that I would only have $12,000 a year to go to school, and that telling me my EFC should now be over $40,000 was silly, especially because my actual efc was much lower. </p>
<p>The loans in the package weren’t bad. The “hidden” loans were horrible.</p>
<p>Once more…with vigor. THERE IS NO WAY TO ANSWER YOUR QUESTION. Need based financial aid is determined primarily using family income and assets. Without knowing your family’s income and assets, no one here can tell you what your aid will be.</p>
<p>With the info you have shown…</p>
<p>At either private or state universities…your aid COULD consist solely of a Stafford loan of $5500 for your freshman year. </p>
<p>No way of telling you the maximum…that is dependent on the %age of need the schools GUARANTEE to meet AND your family income and assets.</p>
<p>I dont’ expect you to post private family information here, but please realize that your question is impossible to answer.</p>
<p>There are online financial aid calculators that can give you an estimate of what your family will be EXPECTED to contribute (whether they will do this is another issue). Try one of those.</p>
for anyone who would like to calculate their financial aid, follow the link below…