So, does this make my decision still binding?

<p>Alright, an Early Decision acceptance means you are bound to go to that college, unless you have a financial difficulty....I get that part!</p>

<p>Now, lets see my case....I was accepted ED to my first-choice school. But the financial aid that they offered me was a little unfair.</p>

<p>(I am using fake figures just to give you a picture of my situation.)</p>

<p>Assuming that the college costs $2,100 a year and my ability to pay was $100...</p>

<p>my financial aid award suggests that I have to pay around $95 but also take a loan of $500. The remaining part comes from the grant.
Further, this does not include cost of living in summer.</p>

<p>Now, does this aid offer meet my demonstrated need? </p>

<p>If it does not meet my demonstrated need, it still makes my acceptance non-binding....right??</p>

<p>Can anyone comment on this?</p>

<p>I wouldn't contact the college for this as they would insist that it is binding.
Who would be the best person to clarify this situation (a lawyer, some experienced adcom or a GC)?</p>

<p>I want to attend this college, but with this financial award, it feels I have to grit my teeth and then go with a grumpy face...
But, my main concern is, if I decide not to attend this college, I just hope they don't black list me or my school by saying I did not live up to my agreement.</p>

<p>Thanks in advance for anyone who comments!!!</p>

<p>From what I know, if you back out of your ED agreement, most probably you acceptance to that college will be rescinded as well.</p>

<p>You need to prove that the Fin. Aid package isn;t enough. Perhaps go to a financial advisor or those people who do your taxes and have them run the numbers then report back to the college. </p>

<p>Technically, you are always allowed to back out of ED agreements if it is financially impossible.</p>

<p>And while they are "binding" agreements, they can't sue you into going. But it probably won't reflect well on you or your school.</p>

<p>yes they can...
You signed that contract (and ur parents and GC) so it is binding</p>

<p>U have 2 choices
1. Withdraw all apps and goto ED school
2. Dont go anywhere</p>

<p>yes, I understand that antarius</p>

<p>But my main question is, did they meet my financial need??
Their offer seems a little fuzzy to me. If they did not meet my need then their decision is non-binding. I have already mentioned about my need through my fin-aid app. before.</p>

<p>can you post the exact language used in the ED contract? My understanding is never to use ED unless you were prepared financially to accept the burden and that the financial aid was rarely as good as you might get in RD.</p>

<p>I suppose it depends on what the definition of "is" is.</p>

<p>i didnt ED cause I really need aid...</p>

<p>I am international.
Any ED contract for me says clearly that if the colelge does not meet my demonstrated need, I can always say NO to that college.
So, I have given u the fin-aid package I got above (the figures are not real, they are only similar, I just scaled it down a little).
Once again, does their aid mean that they have met my demonstrated need?
I can't say because of the loans they gave me and they haven't included summer living costs.</p>

<p>u shd email them and ask....</p>

<p>i started this thread to avoid asking them.
if i ask thm they will surely say we met ur need and that u must cum to us.</p>

<p>ntek511,</p>

<p>I believe that you were admitted to Trinity (congratulations). </p>

<p>If you are attending Trinity in CT, the school states that they meet 100% of your demonstrated need. A school that meets your demonstrated need determines what that need is based on their asssessment of the income and assets of you and your family. </p>

<p>For most families there is a disconnect between what the school thinks and what the family thinks that they can afford to pay.</p>

<p>Based on their assessment of your financial situation, the college met your need. If you have had some major issues that have come up since your submitted your FA paperwork or something that you think the school did not look at (parent lost a job, family is paying major medical expenses, etc) then you need to contact the FA office and send them documented proof of your situation. Also contact the FA office if you need clarification of how your package was put together.</p>

<p>
[quote]
Once again, does their aid mean that they have met my demonstrated need? I can't say because of the loans they gave me and they haven't included summer living costs.

[/quote]
</p>

<p>This would not be a sufficient reason, because you would be expected to work over the summer to earn money to cover your expenses. </p>

<p>As far a loans are concerned, almost every school that meets demonstrated need has a loan component because they believe that students need to be active participants in the financing of their education (the exception is probably HYP, and a few of the other ivies/elite LACs that have provisions as part of their FA policy to reduce/eliminate loans for certain low income students)</p>

<p>Being an international student backing out of your ED commitment will put you in a sticky situation. </p>

<p>First of all I think that you self very fortunate to have been admitted into a school that met 100% of your demonstrated need es an international student especially because there are only a handful of schools that do this for international students, so you have a large pool of applicants applying for these very few opportunites. </p>

<p>Trinity would not have admitted you if they did not think they met your needs because they know that you would not be able to get a visa to come to the U.S. with out documented proof that your education for the school year would be covered.</p>

<p>One of the caveats of applying ED is that if you are admitted you commit to attend the ED school and withdraw all of your other applications. This is the major reason that you see parents/student writing on these boards over and over again; if money is a factor or you need to compare packages do not apply ED otherwise you are basically stating that willing to live and die with the package they are giving you. </p>

<p>You are essentially on the down side of this power dynamic becasue
most students who are released from their ED agreements are released to attend their more affordable local university. </p>

<p>As an international student, this is probably not your situation and you will not get a visa unless enrolled. If you try to circumvent the system Trinty can make your life difficult by contacting other schools to say that you did not commit to your ED agreement (it would not be hard to find you).</p>

<p>Because colleges share ED information (and as in international you will stick out like a sore thumb) I don't think another school will touch you in the process. In addition, Trinty will be responsible for sending out your An I-20 (required for application for the F-1 student visa) which will only be issued to admitted, enrolling students. Because you are also applying for a visa, the information wil be shared amongst a number of agencies. </p>

<p>In the end it will be up to you to decide what is best in your situation. If you decline admissions to Trinity you will most likely not be part of the admissions process this year and would have to wait until next year and start all over again.</p>

<p>Quote:</p>

<p>**...As far a loans are concerned, almost every school that meets demonstrated need has a loan component because they believe that students need to be active participants in the financing of their education...</p>

<p>.....willing to live and die with the package they are giving you.**</p>

<p>Sybbie, thanx! I knew this, but I just needed to confirm. THanx for doing that.</p>

<p>I don't have any problem attending Trinity, I am not saying I don't want to do it and stuff.</p>

<p>I was just not happy with the loans!!! Everythin else is fine...</p>

<p>B'sides I was thinkin, and may be ur right...may be trinity did meet 100% of my need, coz loans mean that "I Don't have to pay them right now."</p>

<p>One last question....how much does it cost to live in summer (living expenses mean room and board that are usually not included in the annual costs). And how much can anyone expect to earn during the summers? (give me a range if you don't know the exact amt.)</p>

<p>Thanx everyone!</p>

<p>Echoing a point above. From what you provide, your need was about 95% of the total college cost. To meet that need the school is giving you a grant that covers 75% of need and a student loan for the other 25%. So you understand, the deal offered to you not only meets 100% of need but is better than most get from colleges that meet 100% of need (most get a higher loan percentage). When a college asserts it meets 100% of need that does not mean it will meet it all via a grant but instead means a combination of grants, loans, and sometimes work study. Thus, the college is probably not going to be convinced by your plea that it failed to meet need. However, many colleges are often lenient in letting you out of the ED deal if you firmly believe that the financial aid offered is insufficient so you might try asking for a release.</p>

<p>ya...they'll release me frm my ED and also frm my acceptance if I do that.</p>

<p>There's no reason for me to NOT TO GO to this college....I didnt apply ED jus like that.
If what u say is true, then I dont think any other collge will give me more than that.
I thought that a loan, if provided, would be very less. I guess I was wrong.</p>

<p>One of my frens also got into a gud college with plenty o' loans...so I guess, my finaid is really good compared to them!</p>

<p>ntek511</p>

<p>
[quote]
I was just not happy with the loans!!!

[/quote]
</p>

<p>Yours is a sentiment shared by many but think about it the loans are a small price to pay when you consider the over all cost of the education and how much grant money the school is giving you. </p>

<p>Remember there are some students who do not get anything other than a PLUS loan for the entire cost of their education.</p>

<p>Regarding how much it would cost to live, you might be better served asking that question on the trinity board as there may be people there who are more familiar with the housing situation.</p>

<p>You can also contact the office of residential life as they may also be able to give you an estimate for off campus housing or give you information about shares, rooms etc in areas that are close to the school.</p>

<p>is there a trinity board on CC? which trinity board are u talkin abt?</p>

<p>and how do u make the Quote thing in ur posts ...with the box and stuff....??</p>

<p>the upside is that there is a Trinity board here on CC</p>

<p><a href="http://talk.collegeconfidential.com/forumdisplay.php?f=77%5B/url%5D"&gt;http://talk.collegeconfidential.com/forumdisplay.php?f=77&lt;/a&gt;&lt;/p>

<p>the down side is that only one person has posted on it :(</p>

<p>to make quotes</p>

<p>[ quote] say whatever [/ quote]</p>

<p>just close the spaces then you get </p>

<p>
[quote]
say whatever

[/quote]
</p>

<p>list of Vb codes</p>

<p><a href="http://talk.collegeconfidential.com/misc.php?do=bbcode%5B/url%5D"&gt;http://talk.collegeconfidential.com/misc.php?do=bbcode&lt;/a&gt;&lt;/p>

<p>thanx sybbie....</p>

<p>Do any colleges provide summer living costs? I never heard of that.</p>