NEU is now 100% need met.
Does applying ED vs EA/RD affect the amount of potential financial aid (not Merit aid) received ?
Does applying ED with a lot of financial need affect acceptance ?
or asked differently, is NEU admissions need aware or truly need blind ?
Your FA will not be affected by EA/ED/RD.
NEU isn’t need blind, though no one can say how much weight that carries.
Thanks for the reply.
per you comment “NEU isn’t blind”… do you mean that if an applicant has big financial need, they may need higher/better stats and need to be a stronger applicant to be accepted than an applicant with less financial need ?
@skipig Yes. I’m sure that if choosing between two identical candidates where one can pay full tuition and the other needs a lot of aid, they are most likely going to choose the one that can pay full. Choosing a good amount of candidates that can pay full probably helps them meet 100% of financial aid. However, as @PengsPhils said, no one knows how much of an advantage it has.
Ok, thanks. I guess that puts NEU into the “need aware” category.
In general, binding ED is a bad idea if you have to take finances into consideration. You won’t be able to compare offers and if the aid comes out to less than you expected, you’re in a tight spot.
@nano, thanks. What are your thoughts (or any one else’s) on the accuracy of NEU net price calculator for a straight forward tax return ? It seems like NEU is very generous ( with the new 100% need met policy?) if there is need, am I missing something ? thanks
My D received just over what the net price calculator said she would, fwiw. We have a pretty straightforward situation - no business, no divorce, etc.
I was applying right before the NPCs came out and had a weird tax situation. In general, though, they’re designed for the “straightforward” tax situations and are most accurate for that. But there’s always some uncertainty because the NPC doesn’t know all the details of your situation. (For example, if your parent have savings intended for retirement but they’re not specifically in a retirement account, that can really kill you on financial aid.)
(For example, if your parent have savings intended for retirement but they’re not specifically in a retirement account, that can really kill you on financial aid.)
Yes, this would hurt because if it is not specifically in a qualified retirement account (ira,401,etc) it is considered a parental investment asset by both the NPC (if entered as such correctly) and ultimately by FAFSA/school.