<p>I'm an Early Decision I applicant, and I'm starting to get a little stressed. I really, really, really want to attend GW, but the financial aid pack I received was pretty lackluster and if I don't get more money from the second part... Well, I guess I'll be facing a ton of loans. I have a few questions:</p>
<p>1) Can I expect more money from the second round of financial aid?</p>
<p>1) How much can I get in loans? Is it virtually unlimited? </p>
<p>2) If its financially impossible, how will I get out of the ED agreement?</p>
<p>3) If I do get out of the ED agreement, how will that effect me in the future with other colleges?</p>
<p>4) Is it worth the huge debt I'm facing to attend GW? I know its a great school, but if I don't get a job <em>fast</em> the interest accumulations will pose issues. </p>
<p>5) Finally, (and somewhat off the topic of this thread) is Colonial Inauguration worth going to if I'm all the way on the West Coast?</p>
<p>I don’t know anything about GW in particular, but in general:</p>
<p>1) If your family’s income was less in 2010 than in 2009, maybe yes, otherwise probably no.</p>
<p>1) Student (unsecured) loans tend to be limited, parent (often secured) loans are given more by credit rating and equity. </p>
<p>2) This is a puzzling question at this late date. If the ED financial aid package is insufficient to support attendance, most schools require you to say so within a month of their making the offer; in that case you just say thanks but no thanks and apply RD elsewhere (but this usually has already happened). Since you didn’t decline the ED offer, GW would assume you will be attending (if you sent in a deposit), and your name may be on a circulated list of ED acceptees (to allow other schools to skip sending you a pointless acceptance), or it may not be. You were supposed to have withdrawn all other applications when you accepted the GW ED offer.</p>
<p>3) If you declined because of insufficient financial aid, it normally wouldn’t affect other schools, but in this case it’s hard to say.</p>
<p>4) Only you can answer this. </p>
<p>5) Sorry, no clue.</p>