<p>On the ED2 agreement, it says "This commitment is binding only if sufficient financial aid is offered."</p>
<p>does this mean that if I get in but am not satisfied with what Vandy offers me, in terms of Fin aid, then I can say "no" to them and choose another school?</p>
<p>Well, since Vandy meets 100% of your demonstrated financial need, you really can't get out of the ED agreement. That being said, there are still students who get out of ED agreements with schools that do meet 100% of their financial need just for a full ride (or nearly so) at another university, which I certainly look down upon, and some ED universities won't do anything about it. I have heard, however, that other universities will take action (I suggest that you use the search function to discover the consequences of backing out of an ED agreement).</p>
<p>what would some universities do if the students back out...there is a person in my school that apply for like 4 or 5 colleges for ED... he got denied at vandy but got in at emory....i don't think he evens wants to go to those school.....ahhhh...but anyways....what will colleges do if you get caught....</p>
<p>How did he apply to four or five colleges ED? Your parents and guidance counselor have to co-sign all the decision forms. That would be REALLY dishonest of the GC and it would make the school look really bad...</p>
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does this mean that if I get in but am not satisfied with what Vandy offers me, in terms of Fin aid, then I can say "no" to them and choose another school?
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<p>No. If you can afford to go to Vanderbilt with the financial aid that they give you, you have to go. If you want to choose schools based on financial aid, you should not go the ED route. </p>
<p>It only says that because in the rare circumstance that the student REALLY cannot afford to attend that school, they obviously can't force that student to attend. I don't know how financial aid works so I can't explain how this would work. But it does happen, as I think a handful of students pull out from ED agreements at schools every year.</p>
<p>So, the question is: if schools meet 100% demonstrated financial need, how could this amount be insufficient? I guess the problem would occur with the "demonstrated" part.</p>
<p>For example, my friend applied ED to Wellesley and got in. She filled out the financial aid forms and she qualified for only $4,000. Wellesley meets 100% of demonstrated need, so based on the amount she was given, it would seem that her family contribution was substantial and that she can afford to attend. HOWEVER, her parents are going through a divorce right now and her dad is refusing to pay for her college. With the combined income of her parents, she could afford to go, but without her dad paying, she really can't afford it. But her financial award didn't take this into account. So this is a loophole that really hurt her and I imagine it could happen to other students. I think she is working with the school to try to figure it out, though.</p>
<p>Ok, well say my parents make 100k a year, combined income. What if Vandy can only give me $5,000 for each of the four years, and my parents consider that insufficient...then am I still allowed to decline the ED offer?</p>
<p>idk...i go to a pretty big school with only 1 guidance counselor...i doubt that she would remember everyone that does ED.....but i am sure glad he got denied by vandy....i would have been really mad if he got in....</p>
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idk...i go to a pretty big school with only 1 guidance counselor...i doubt that she would remember everyone that does ED.....but i am sure glad he got denied by vandy....i would have been really mad if he got in....
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<p>Jealousy is a sin :P</p>
<p>lol....yeah...but still...i would imagine everyone would be mad.....</p>
<p>im just curious what will the admission counselors do....i mean what can they do..</p>
<p>i had a question about this too. i guess if you don't get what you wanted, and get in ,you just have to take out loans, right? or what else could you do?</p>
<p>yeah...probably...im just curious what colleges can do if student backs aways....oh well..</p>
<p>You are one of the lucky people in the world who is considering a top college in the United States of America. There is a major assumption here that you are an honest and ethical human being. If you cannot commit to this statement, then don't do it. If you are thinking about lying, let me assure you that things will not go right for you in the universe. Also, I could tell you about the kid who applied to both Stanford and Harvard Early Action, got into both, and then was rejected by both when they found out. Way true story--obviously a couple of years ago since Harvard doesn't have EA this year.</p>
<p>The point is, act in an ethical manner and things will work out for you...</p>
<p>haha..i hope the guy gets caught...</p>