“My turn: where’s your evidence for that? I don’t know where you’d get the information to make that assertion with confidence.”
I have the same anecdotal evidence that you do, @DeepBlue86. In fact, we have many aquaintences whose kids have applied and been accepted to HYMPS and 100% of them wouldn’t apply for fin. aid. precisely because they didn’t want to hurt their admission chances. C was different until they switched to ED - they really tightened up the merit after that (my kid was expecting $4,000 per year due to national merit but they eliminated that AFTER she had applied. However, they more than made up for it with need-based).
“Anyway, my point is that if you apply ED to any school, and are admitted, you pretty much have to take what they offer you unless you can prove you can’t pay, and then it’s pretty hard to apply anywhere else.”
This is inaccurate. How, for instance, is a very low SES admit penalized by an ED application to UChicago? The latter would be covering a huge chunk, if not all, of the student’s direct costs.
UChicago’s use of ED might be distinct but it’s not all that hard to figure out. First - and this is true for all the schools, btw - you don’t need to pull your other apps till you’ve reviewed the Fin. Aid. package and have no follow up questions or issues; every school offers an appeals process or a way to connect and work something out. Schools aren’t in the business of trying to ruin young lives, and they know who’s acting in good faith vs. the opposite. Second, name-sharing is now at an end given the DOJ investigation so even the bad faith kids probably got released from their ED agreements with no consequences this year. Third, in the case of UChicago specifically, “full demonstrated need” is not a surprise to anyone who files for Fin. Aid so it’s not like they come up with a surprise and too bad for you, sucka bwahahahahaha. And if there are any surprises - they release you! That’s the information that’s been posted on CC and I believe those who have been through the process.
The real issues that I’ve seen from the occasional poster who is afraid of applying ED - or who has so applied but then decides to switch to EA - is committing to a program of study that they feel they might not be academically prepared for or aren’t quite looking for as a college experience.
“On the other hand, if you’re admitted to one of HYPS SCEA, you can apply to any number of other schools RD and play them off against each other in negotiating aid offers, often getting significant improvements as you “clarify” your situation.”
If that were true for the bulk of SCEA admits, we’d see yield rates for this group that were by and large similar to the overall yield. While I have no proof of this, my understanding is that SCEA yield rates are exceptionally high relative to overall yield. Practically speaking, they tend to select candidates who were planning to commit and who do, in fact, commit. Are they given a ton of aid in order to make this decision? If yes, then you have a valid point. As fin. aid. probably doesn’t come out till March or April (with the RD group) then there definitely is the theoretical potential to bargain, assuming you’ve been accepted to peer schools in the regular round (most aren’t).
So who are these SCEA candidates? Some, like at UChicago, are going to be price sensitive and will negotiate. Most others are not going to bother because they are price insensitive - they didn’t get into another top school because they were restricted to the regular round, or this was their number one to begin with, and so forth. Just because they don’t offer ED doesn’t mean they admit a bulk of price sensitive admits.
"There are lots of stories about that on here, and it’s remarkable how elastic “demonstrated financial need” apparently can be, and the different assessments schools can make based on the same set of facts (this is the only financial aid HYPS give - no athletic scholarships or “merit money”).
Yes - it’s “need” based in that sometimes they “need” to give you more so you attend. Guess what? Athletes get more “need based” than others at some of the Ivies (YMMV regarding the particular sport). We found that Uchicago’s aid package is pretty generous, as mentioned above, even without the negotiations. In fact, my D explained to them when she switched her app. from RD to EDII that she was hoping at first to get merit but now she just wanted in. And still, the package was generous.
“If you need financial aid, you are unambiguously worse off with ED than any type of EA, because you have much less leverage.”
- Understand the thinking here, but for the bulk of students this isn't really true if looking at SCEA (regular EA - different story). What sort of leverage does the student have in the admissions process if they apply to all their other top in the regular round? Most are shut out as a result. At least with ED you can also apply unrestricted and negotiate with those if you are deferred.
We know a few kids who have gotten into all 8 Ivy’s. They applied to one of those SCEA and then made some choice down the road, hopefully with LOTS of negotiating along the way. But this isn’t the case for most. They get in SCEA and they enroll once they are satisfied with their fin. aid, just like ED. In other words, both decision plans make you think carefully before proceeding.
Incidentally, in our case D’s net cost turned out the be the same applying ED as it would had she applied EA under the old admission program (based on calculations I was doing at that time before the policy change). As mentioned above, she got less merit than expected but more generous need-based. So it’s DEFINITELY not the case that she was “unambiguously worse off” under ED. In fact, as she discovered, she needed ED to be accepted in the first place (she had been deferred EA so switched to EDII).