Applying ED Wharton a good idea?

Colleges and Universities A-Z University of Pennsylvania
1

<p>I am very much considering applying ED to wharton to increase my chances a little. My EFC is around 13000. But my family cant afford to pay more than 25000 dollars a year, and thats the max. </p>

<p>If i apply ED to wharton and i get in, what kind of financial package do u think i will get?</p>

2

<p>You'll get a full ride if not very close. <100k = no tuition, <50k = no tuition/room & board.</p>

3

<p>yea but my parents make around 150k... i have a brother in college thats why my EFC is 13000 it would be 26000 if my brother wasnt in college</p>

4

<p>Oh, I misread EFC as total income. Well, the way I saw my situation education always came before money. I think if you want to go to Wharton then you should apply ED. Worry about costs later.</p>

5

<p>^horrible advice. </p>

<p>If cost is a huge concern (which it should be) then contact the financial aid office during the summer (they have a ton of work to do now with ED aid and RD aid) and try to get a good estimate of how much Penn will cost you both while your brother is in school and after he graduates. Treat that amount of aid as a very generous estimate and take into consideration Penn reducing your aid in the future while tuition increases.</p>

6

<p>bump10char</p>

7

<p>aztennis, i hope you understand that the early decision deadline was November 1st</p>

8

<p>yea i know i was talking about next year</p>

9

<p>I'm also having similar concerns, what's the max. value of assets that your parents can have before they start reducing your fin.aid? e.g. If we own the house we live in and nothing more, ae my parents expected to re-mortgage part of the asset to fund my education? What's their policy with assets?</p>

10

<p>My family just finished paying the mortgage on our house, and I received less financial aid than I had expected/hoped for. However, I still received roughly $19,000 (income bracket around $120,000), and they informed my dad when he called that it is not worth taking out another mortgage to receive more aid. They basically take what your monthly payment would have been on the mortgage and expect you to pay that for Penn, so it's kind of a crapshoot. Good luck!</p>

11

<p>ok i was just making sure
good luck</p>