ED contract?

Colleges and Universities A-Z University of Pennsylvania
1

Applying ED to Penn, the Common App states:

"If you are accepted under an Early Decision plan, you must promptly withdraw the applications submitted to other colleges and universities and make no additional applications to any other university in any country. 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.

As we have done previously, Penn will allow Early Decision applicants to apply to other institutions that have non-binding admissions processes."

If not accepted to Penn, I plan on applying to UChicago ED2 (deadline January 2nd), so as long as I am not accepted ED to Penn, I can still apply ED2 to Chicago after I get my results (acceptance/rejection letter coming in mid December, and then applying soon after to Chicago)?

It also states that if one is seeking financial aid, then they can wait to withdrawal other applications. What does this entail? I will be pursuing financial aid, and while my family falls into the $110K+ category, we still think we will get some financial aid. Therefore, if I apply and receive no financial aid, what happens?

Is Penn known to give financial/institutional aid? For need-based, what is the likelihood of getting any aid if income is above $110K? If I use Penn’s net price calculator, is that exactly how much I can expect to receive/not receive?

2

If you are not satisfied with Financial aid grants from any ED school, that is a basis for being let out. No school will make you go to what your family deems it can’t afford. Penn NPC is fairly accurate. They do give help to families whose AGI is below 150K. Penn is a no loan school, which is nice. My son was deferred from Penn ED, got into another school ED2, and was released from that acceptance for financial reasons when he was accepted to Upenn from deferral list. We had no issue getting released, and Penn gave more aid. The releasing school offered us generous aid, and was very cool about my son’s choosing to not attend.