So i got into cornell ed, and I have another app submitted regular decision before i got into cornell. Do I have to withdraw if I already submitted deposit to cornell but, i definitely need financial aid. I already got my estimated fin aid, but that, of course, is not official. I know students who need financial aid do not need to withdraw applications, is this true for my case?
It is a requirement of the ED agreement, which you signed, that you withdraw all other applications immediately.
Read my last line
Yes, it is true, even in your case. It’s a binding decision that you signed even if you need financial aid. That’s the deal. If you wanted to compare other financial aid packages, you shouldn’t have applied ED. We did it, and it is a bit scary. You can always contact Cornell financial aid office if you want to request further review. I don’t know the process, but you could look into that if you think the aid was unreasonable. Just know that what you think you can afford and what others think you can afford are often different. But don’t play dumb now, you know what the ED agreement was when you signed up for it.
Where did you hear that students who need financial aid “do not need to withdraw applications” for ED? Did you make that up?
“If you are an Early Decision candidate and are seeking financial aid, you need not withdraw other applications until you have received notification about financial aid from the admitting Early Decision institution”
Now, if anyone that knows wats actually going on, can help, that would be greatly appreciated
Sorry, oreo, I didn’t see that last year when D applied. Sorry if I sounded harsh. I guess the question is, is the first notification about financial aid what they are referring to, or a final one later. We got our financial aid offer a in December (a year ago) and were expecting a final offer in April or so, especially given our finances had changed, but they never gave a final package. The original one was it. They don’t provide another one unless finances change significantly. With Cornell, your estimated one is generally the final one (unless you contest it).Best of luck.
No worries. Yeah, that’s exactly my problem, I’m not sure what they mean by received notification about financial aid. I already got my estimated fin aid, and its very good, but i am a very paranoid person and i fear it might change drastically.
Oh, I didn’t realize they didn’t give final packages unless your finances change drastically, thanks for that
Once you get your estimated financial aid then you will need to decide to decline or to accept. If you should accept then you are required to withdraw other applications. The down side of ED is you are not able to shop for the best FA.
Oreo, that was our experience. i cant speak for others. I was a bit nervous since our finances did change, and I called the FA office to find out when the final $$ package would be sent, and was told if we didn’t hear from them, the original package from December would be it. I guess our income change wasn’t significant (they did not define it for me). I just think it’s too much trouble for them to recalculate thousands of packages. But I had no deadline to work with, and finally realized by April or May or so that the package wouldn’t change. A bit unsettling. But since you got a good offer, you should be safe with that.
But if you did receive your notice of FA from Cornell in December, and it’s a good number, then you need to accept and not shop around. That’s the deal you signed up for. If, on the other hand, the FA notice was WAY out of bounds with what your family can pay, then I guess this would be a case for not accepting ED. However, I have an issue with this whole thing. IMO, net price calculators are a good estimate of what you would expect to pay, and any student and his/her family needs to do all their due diligence before applying ED. Otherwise it sounds like you’re gaming the system.
You should not have deposited if you were not satisfied with the FA. That’s kinda the whole point of sending you your FA way before mid Jan. They want to make sure they resolve all FA issues before you commit. The estimated FA is more or less the same as the actual FA. At this point, you have to withdraw, if you have a problem with your FA just fill out the appeal form on the FA website.
@Lelyke I shouldn’t have deposited if I wasn’t satisfied with my estimated FA is what you’re saying?
What I’m saying is you should have appealed and made sure your FA was okay before you deposited. ED is a binding agreement and the only way you can get out of it is if you didn’t get enough FA. By depositing you are essentially saying I’m okay with my FA and I accept Cornell, which is the same thing that happens in the RD round. However, I’m sure you can still appeal your FA if you feel it wasn’t enough.
okay, i understand that, and i did get enough estimated financial aid, my problem is i don’t know what my final financial aid is going to be.
It is very very very likely to be the same…unless the 2014 FAFSA and CSS profile information your parents provided was vastly different from the 2013 stuff sent in November. You should just call the financial aid office to confirm.