<p>Matt, while Ericsmom is correct that schools make decisions on financial aid after getting the FAFSA forms and all, the point is that once you get admitted ED, you HAVE to attend the school whether or not you are pleased with the financial aid package because of the binding commitment. The rule of thumb, therefore, is if your decision of where to attend college is going to be based at all with financial need figured into the equation, it is best to not apply ED because you won't have that financial aid award to weigh against other schools. ED is best for those who do not have to take that into their decision making. Also Early Decision should only be done IF you are POSITIVE one school is your first choice and you want to go there more than anywhere else and you don't think you will ever waiver on this decision. Remember you still have the chance to be admitted in the RD round. Neither of my kids opted to do ED anywhere as they were not fully ready to commit. They had faves but not one clear favorite that they wanted to be locked into at that early date. My theater kid loved NYU and thought of doing ED there because the chances are improved but she was not ready to commit as she liked another program just as much and decided to just see where she got in and then decide. Yeah, she gave up the "easier odds" (by no means EASY overall) of the ED round and she saw many of her friends get into NYU in the ED round and be done with the whole deal but she never questioned her own decision to wait until RD because this was right for her. This way she fully explored all programs and waited to weigh her options and the decide. Ironically she is now going to NYU/Tisch and you could say she could have had all that done months ago but she would not have regretted this. She came full circle back to NYU but it is now based on having truly explored all programs, gotten into several and figured out which of her options were the best for what she wanted. The fact that it is the same school, is just how it turned out. She did not "give up" a chance to go to NYU by not applying ED, she just gave up knowing earlier (or some increased odds) but kids do get in RD and she gained other things in return....she now KNEW this was the best option for her given her choices, even though she truly loved other programs too. Waiting to apply RD does not mean you can't go to NYU but only that you have to wait longer and you gain other options and you never know how your thinking and preferences might change over senior year. Plus if your parents want to figure in the various financial aid packages, you can only do this if you apply RD, otherwise you are locked into what they give you. </p>
<p>By the way, I went to Tufts and one of my kids was accepted there (though did not opt to attend....but LOVED it and it was one of her first choices) and I also interview for Tufts so if you want to know anything, just hollar, ok? </p>
<p>Briarbrad....every case is different but just to say in the scenario you gave between NYU and CMU....my child got $20,000 scholarship/grant to NYU and $13,500 to CMU so both offers were good in my book. Most of her schools were in this same range as far as scholarships and grants, except PSU which was much lower. That is just one kid's story, however. While I had heard that NYU does not give much, they gave a bunch and so we were surprised. I admit I was surprised and thankful that most of the other schools did as well. </p>
<p>Matt....only do ED if you are POSITIVE you prefer one school above and beyond the others and IF your parents are willing to accept whatever financial aid package you get from that school as you can't weigh it against other packages. Remember, you can still get in and still consider the school for RD....so it is not like ED or not at all. Kids DO get in RD. ED is nice, however, for those who do it and get in because they are all done in Dec. and I know when my D saw kids done in Dec., she was for a few seconds wondering why she had not made it easier on herself and possibly been done with it all too but then she reminded herself why she had chosen to just do RD and knew that was the right thing for her. It was a long winter and a long wait til spring but well worth it to go through the process. I am glad my other D did too.</p>
<p>By the way, my D applied/auditioned to several of the schools on your list so we know a bunch now if you ever want to ask a question. Also I have a child who applied to Yale and we have done two visits there, if I can help in any way...know theater kids there as well. </p>
<p>Susan</p>