<p>I'm thinking of apply early decision to Rice. However, my parents make <$100K a year so it would be difficult for them to pay if i dont get much aid. They havent expressed much concern with this and are encouraging me to apply ED but i really dont know how much they would have to pay after all the loans & etc. I'm also instate if thats counts for anything. My scores are pretty good but im lacking in the EC department. However, I plan on starting a club and also further boosting my ECs during my senior.</p>
<p>Do you guys think it is wise if I apply ED? Or should I wait and apply RD with my boosted ECs?</p>
<p>Have a serious talk with your parents about finances and determine exactly how much they can afford to pay. EFC will probably be 15-20k; can you afford this APART from your own student loans? Also, in-state has no effect on FA and boosting ECs senior year won't help much. If finances are feasible, I would advise you to go ahead and apply ED to Rice if you really love it and it is your hands-down first choice. But if you're depending on merit aid or the financial situation is iffy (be honest), go RD.</p>
<p>If you are really concerned about finances do not apply ED. You will be obligated to attend if accepted. If you apply EA to places that have that, rolling admissions, and regular decision, you will be able to look at varying financial aid packages that may meet your needs best.</p>
<p>You DO need to discuss finances with your parents. You need to find out how much the are able and willing to contribute annually to your college education. This will help you make a better informed decision.</p>
<p>Many, many, many threads about this. The rule is that ED is not for those who need financial aid since you cannot compare offers and they can vary. It is a major pain to get out of ED commitment and can result in problems for you.</p>