<p>I think ED and EA are both great, wonderful choices to have. The problem is that ED has become something it was never intended to be. A lot of this is because most people are true amateurs in the selective college process and truly don’t understand a lot of how it works. They can too easily get caught up in a tide, and let momentum and peer pressure take them where they really did not want to go. High school counselors are woefully inadequate most of the time to “tell it like it is”, and there are all sorts of tales out there that are outright false.</p>
<p>A kid who has a truly good reason to want to go to his first choice college with the support of his parent has a stellar case for ED. I saw a perfect example early in this app season, where a dad and his son scoped out CMU and decided it was THE school that the son most wanted to go They got an estimate from the school as well as checking out a number of NPCs for CMU and other colleges on the consideration list. They understood and were willing to accept that they may lose out on financial merit aid and have to pay a bit of a premium for son to make the commitment to go there. They had a very good idea of what kind of aid, loans, etc that they would get if their son were accepted. For that extra benefit in admissions (and in the case of CMU guaranteed meeting of need as they define it, something not there for RD students), they knew what they would be giving up. It was all good. </p>
<p>But that’s not what often happens. It often becomes a wild scramble to pick an ED school, to take advantage of the ED percentage, and kids are trying to decide between, say NW and Vanderbilt and Dartmout all at the 11th hour with no clear idea of what the differences are among the schools. They just want to get into the best school in terms of rank, rep and recognition wiht the best chance of acceptance. There becomes quite the frenzy in the fall. Some kids end up settling—better a good chance at NW when even the uptick in accept chances at HPYMS are still lottery tickets, so they make that decision, never even really giving some schools a try, that may well have accepted them. At a time, age, opportunity to shoot for the stars, settling for the lunar landing is a bit premature in my opinion. Too many kids are applying ED without sufficient info to make that kind of a commitment. This is not what ED is supposed to be. </p>
<p>It also rewards those kids already so advantaged with parents savvy enough to push the process through. The kids without some knowledgeable adult in their lives lose out, as again, few high school counselors can spend that kind of time and give the attention needed to push an ED app out. THe ED pool is comprised primarily of well to do kids, tagged kids, simply because having the adult help ups the chances astronomically in getting an ED app out. What that does, is reduce the acceptance chances for those not as privileged.</p>
<p>Then there is the financial aid That is the dirty secret with ED. Yes, many ED schools guarantee to meet full need, but they define it. This is the very first financial aid package a familiy is likely to see and they have to decide in a vacuum whether they should try to make it work or just start all over. Yes, you can turn it down, but when you are in the ED rush, with momentum pushing you along right to the acceptance that you’ve been hoping, some even praying for, most families just take it after some request for review. You have no idea what else your kid can be getting, and money seems so trivial as compared to the joy on your child’s face. But the discrepancy is not just that dollar amount but times 4 and then some as costs go up over time. Not only that, the estimated PROFILE app can be way off. When the actual FAFSA is filed and the real numbers are revealed, it can mean more money. For a family where every $100 means something, this can be some serious financial stress. Plus you tend to get these accepts right before the school closes down for winter break so you get to stew over the package till the new year. You then are under the gun to come to agreement or cut loose and make sure the schoool doesn’t put the kid on the ED circulated list that could get his app flushed at schools that subscribre to it. I’ve seen all of this happen. </p>
<p>The very schools to which I think ED might be so beneficial for those who have need, HPYSM, do not have it. Those schools offer the best financial aid packages overall, in my experiene too I see kids locking themselves into an acceptance to a school that I really think had a decent chance of accepting them and they can’t negotiate a dime. When my kid ogt a merit award, he was able to double it by showing he got more elsewhere. A lot of schools will reconsider an award when presented with a competing school giving out more. You lose this edge. And I’ve seen like school offers differ by a lot. Experienced board members here have stated that absolutely, the range is wide when it comes to fin aid packages. So ED, to me is not always a good thing, and for those who are financially under the gun already, losing the ability to compare can be a huge loss. IT can also be catastrophic for those who have businesses or other situations where the aid package is way off. A lot of stress and heartache when you have to tell your kid it’s a no go. No one is happy with you when that happens believe. me.</p>
<p>In life, the up sides of things have to be weighed with the ramifications of the possible down sides. With so many great choices in colleges in this country, how can it possibly be so crucial to get into one school? It’s not like it’s some true golden ticket here. And the down sides can really strike some hurtful blows. I don’t think it’s worth it, if a family is needing, hoping for money, and paying as little as possible for a given type of school. How much extra is it worth to get an ED to Lehigh vs RD at Lafayette with more money, like a lot more money? That’s the kind of ED I too often see. Really, is it worth it to lock into William and Mary OOS, and not consider your own state schools and what they may have to offer at half the price? I’m not talking about those who have well done their homework and have very good reason for their picks, but about those who are just looking at lists to pick an ED school to get that ED edge which is what I have seen the process turn into.</p>
<p>EA, is great. Takes the stress of the kids, and then they can apply to whatever schools with wild abandon because they have a safety in the bag. Then the awards and packages all go on the table in April and are taken into consideration as well. What a kid might so want in the fall, have his tongue hanging out and begging for in the beginning of the process may well change by spring. You learn through the process, and ED cuts that learning off right in the first stage. Maybe that honors program is a better go than trying to get into the same sort of program sophomore year at another school, but you didn’t have that all understood in October. Yeah, I 've seen that. And is BC truly $30K a year better than Fordham? These are things you can discuss around the table when you are not already signed, sealed and delivered to a school.</p>