Does applying for financial aid hurts your chances?

<p>"Will you be a candidate for need-based financial aid?"</p>

<p>Would answering Yes to this question help/hurt your chances at a college? </p>

<p>Are any colleges not need-blind? I'm mainly concerned about HYPSM and other Ivies.</p>

<p>My son applied for FA and was accepted to Yale, Brown and Duke, waitlisted at Stanford. Don't think it hurt him... they WANT to take some lower income kids, looks good, so if your stats are great, maybe it even helps you... WHo knows? and before someone asks, he's a white boy from NY - that part didn't help him.</p>

<p>No, it would not hurt your chances because, think abut it, most colleges claim that 90% or more applicants receive financial aid. I would think that a lot of people apply for financial aid. Need-based financial aid is, i guess, going to help in your application process...</p>

<p>hope that helps,
satscholar</p>

<p>Very few colleges are need-blind and even fewer guarantee to meet full need. Even some of the elite, well-endowed universities aren't need-blind (like WUStL).</p>

<p>The Ivies, MIT, and Stanford are need-blind and will meet your need. Brown was the last to go need-blind, and it went need-blind about four years ago. It considers need for transfers, though.</p>

<p>

I'm having severe difficulty thinking of a school that funds 90% of its students (tuition free schools aside). Most schools give financial aid to 30-50% of the student body.</p>

<p>Thanks for the responses.</p>

<p>One other question. If my parents can pay for tuition, does that mean I should not answer yes to that question? In other words, financial aid would be a great help, but a lack of it would not keep me from attending the college. I understand what need-based financial aid is, but I heard students whose parents make over 200k have still received financial aid at the Ivies (average 12 or 13k I believe).</p>

<p>Usually parents who make that much and receive financial aid have more than one kid in college. </p>

<p>Still, there's no reason not to apply for aid. Your chances at the elites won't be affected, and you might get some money. Apply for outside scholarships as well (Fastweb is good for this).</p>

<p>Have you tried an EFC calculator yet? There's one on CC:
<a href="http://www.collegeconfidential.com/financial_aid/efc/efc.php%5B/url%5D"&gt;http://www.collegeconfidential.com/financial_aid/efc/efc.php&lt;/a&gt;&lt;/p>

<p>Princeton has its own calculator:
<a href="http://www.princeton.edu/admission/financialaid/early_estimator/%5B/url%5D"&gt;http://www.princeton.edu/admission/financialaid/early_estimator/&lt;/a&gt;&lt;/p>

<p>yea u will receive some sort of financial aid no matter what your parent's income is, so thats the great thing</p>

<p>lol i guess i got a little crazy with the stats, but its in the 2/3 of the applicants range...thanks warbler for the correction</p>