<p>hey yall</p>
<p>should you apply ED if you know you're gonna need financial aid? On the site it said 60% recieve it. but then they're like we meet need 100%. so im kinda confused? =)
thanks</p>
<p>Well, Vanderbilt meets 100% of demonstrated financial need. So, if the cost is $51000, and after you submit the CSS/PROFILE and Vanderbilt determines that your "Expected Family Contribution" (EFC) is $20000, then your financial need is $31000. That means that Vandy will give you a financial aid package (which would probably include grants, loans, and work study) that is worth $31000. Thus, Vandy has met 100% of your financial need.</p>
<p>Of course, after some families submit the CSS/PROFILE, Vandy may decide that those families have no financial need - perhaps they have an extremely high income and only one child in college for the upcoming year, so those families will not receive any need-based financial aid from Vandy. It is true that some people don't qualify for need-based financial aid, which is why ~60% of those who apply will receive a financial aid package from Vandy.</p>
<p>Now, for your case, you should not apply ED if you're worried about financial aid. Yes, Vandy will give you the same amount of financial aid whether or not you apply ED or RD, but there are other universities to consider. Perhaps some of those universities will give you a full ride or a full tuition scholarship. It would be very nice to graduate from college with no debt, wouldn't it? I say, if you are worried about financial aid, to apply to Vandy RD and everywhere else RD and compare all of your options in April.</p>
<p>On the other hand, since Vandy would give you the same amount of financial aid whether or not you apply ED or RD and if Vandy is definitely your first choice and financial aid isn't that big of an issue, apply ED. However, you should talk to your parents about this before you decide since they're going to be paying for a good portion of the cost.</p>
<p>good response and thanks. i completely get it now. i didnt think about all the super rich, only child kids that dont need financial aid, thus makes it 60% of students.</p>