ED Question

[blakebengals]

<p>If this has been asked before sorry I didn't see the thread but if you apply ED somewhere and they don't give you enough financial aid can you back out? Thanks.</p>

[absent]

<p>Yes, you can. However, it’s not easy and you’ll have to prove the aid isn’t sufficient, etc. Try reading [this</a> article](<a href=“http://www.campu­sco­mpare.com/college-resources/financial_aid/tag/early-decision/]this”>http://www.campu­sco­mpare.com/college-resources/financial_aid/tag/early-decision/) or check out this thread:</p>

<p><a href=“http://talk.collegeconfidential.com/college-admissions/514706-question-about-early-decision.html[/url]”>http://talk.collegeconfidential.com/college-admissions/514706-question-about-early-decision.html&lt;/a&gt;&lt;/p&gt;

<p>If you think you’re going to need a good deal of aid, but are not sure you’ll receive it, early decision may not be for you.</p>

[blakebengals]

<p>Thanks for all the great info.</p>

[vonlost]

<p>“it’s not easy and you’ll have to prove the aid isn’t sufficient”</p>

<p>It is easy, and you don’t have to prove anything; it is your decision if the offered aid is sufficient or not. The link clearly explains this, as does the common app. </p>

<p>If you find the offered aid is insufficient, you can decline the ED offer without consequence and apply RD to other schools.</p>

<p>ED can be used when you have that one dream school above all others that you will attend if there is any way possible. ED should not be used if you want to compare FA packages.</p>

[vonlost]

<p>

Keep in mind, however, that even though Early Decision is officially “binding,” if you are a candidate for financial aid, and if your tentative aid award (which you will receive … at about the time you get your ED verdict) is insufficient, then you can back out of the ED commitment without penalty.

</p>

<p>[Early</a> Decision at Smith for Financial Aid Applicant? - Ask The Dean](<a href=“http://www.collegeconfidential.com/dean/archives/early-decision-at-smith-for-financial-aid-applicant.htm]Early”>http://www.collegeconfidential.com/dean/archives/early-decision-at-smith-for-financial-aid-applicant.htm)</p>

<p>

Should a student who applies for financial aid not be offered an award that makes attendance possible, the student may decline the offer of admission and be released from the Early Decision commitment.

</p>

<p><a href=“https://www.commonapp.org/CommonApp/DownloadForms.aspx[/url]”>https://www.commonapp.org/CommonApp/DownloadForms.aspx&lt;/a&gt;&lt;/p&gt;

[absent]

<p>True, you can back out of your ED school if your financial aid award isn’t sufficient; I’m not denying that. However, at least based on what other senior members of this forum have posted, it isn’t an easy process (of course, this could vary from school to school, or situation to situation, making a definitive answer difficult).</p>

<p><a href=“http://talk.collegeconfidential.com/31209-post5.html[/url]”>http://talk.collegeconfidential.com/31209-post5.html&lt;/a&gt;

@Northstarmom

It is very hard to get out of ED admissions, even if one’s parents decide the aid offer is too low. Guidance counselors also may not go out of their way to help a student who has gotten a nice ED offer and turns it down. Typically adcoms get very angry at GCs when students do this. Colleges also have been known to turn down other applicants from the h.s. just to take revenge on the school for having someone back out of an ED commitment.

</p>

<p><a href=“http://talk.collegeconfidential.com/1062862701-post15.html[/url]”>http://talk.collegeconfidential.com/1062862701-post15.html&lt;/a&gt;

@calmom

It’s not nearly so easy to get out of ED. Many of the schools share their ED information, and if the student has turned down Penn because the financial aid award was insufficient, if that info gets into the hands of Duke during the RD cycle: that’s the end of it. The info that is shared is a list of who was admitted ED… it won’t tell the RD colleges that the student begged out of the offer based on finances. Can the student apply RD to their in-state public? Probably. To an equivalent level private –> highly unlikely.

</p>

[vonlost]

<p>Yes, but it’s all rumor, contrary to publicized instructions and denials by schools when explicitly asked.</p>

<p>At schools or consortiums that make uniform FA offers, there’s no point in applying to the others; if you can’t afford one, you can’t afford the others.</p>