Early Decision Apps

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Brock2010
Posts: 82
Joined: Thu Dec 02, 2010 1:01 am

Early Decision Apps

Postby Brock2010 » Sun Dec 19, 2010 3:34 pm

Do people who get into schools under early decision generally get less money? Since these early decision is binding, it would seem as though schools would have less of an incentive to give early kids money.

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BrownBears09
Posts: 330
Joined: Wed Dec 09, 2009 2:48 pm

Re: Early Decision Apps

Postby BrownBears09 » Sun Dec 19, 2010 3:35 pm

Brock2010 wrote:Do people who get into schools under early decision generally get less money? Since these early decision is binding, it would seem as though schools would have less of an incentive to give early kids money.


Yes. And obviously, you're trading admission leniency for cash.

musicfor18
Posts: 692
Joined: Mon Feb 09, 2009 9:15 pm

Re: Early Decision Apps

Postby musicfor18 » Sun Dec 19, 2010 3:46 pm

I'm interested in this, too. As an ED admit, should I expect any consideration for scholarship?

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T6Hopeful
Posts: 693
Joined: Thu Jun 10, 2010 6:30 pm

Re: Early Decision Apps

Postby T6Hopeful » Wed Dec 22, 2010 3:11 am

musicfor18 wrote:I'm interested in this, too. As an ED admit, should I expect any consideration for scholarship?

Most likely not. You'll still be eligible for need-based packages, but like one of the above posters said, signing an ED contract is pretty much the same as saying, "if you accept me, I would go to your school even with no aid." That being said, forgive me if I'm wrong but I do believe that Michigan is known for giving aid despite an ED acceptance, but of course you wouldn't be able to negotiate it.

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bk1
Posts: 18404
Joined: Sun Mar 14, 2010 7:06 pm

Re: Early Decision Apps

Postby bk1 » Wed Dec 22, 2010 3:13 am

T6Hopeful wrote:
musicfor18 wrote:I'm interested in this, too. As an ED admit, should I expect any consideration for scholarship?

Most likely not. You'll still be eligible for need-based packages, but like one of the above posters said, signing an ED contract is pretty much the same as saying, "if you accept me, I would go to your school even with no aid." That being said, forgive me if I'm wrong but I do believe that Michigan is known for giving aid despite an ED acceptance, but of course you wouldn't be able to negotiate it.


UM is one of the exceptions. Also note that only HYS/Boalt give out need-based aid, IIRC.

Simply put, if you got in ED don't expect any money.

silly101
Posts: 240
Joined: Tue Jul 15, 2008 2:12 pm

Re: Early Decision Apps

Postby silly101 » Wed Dec 29, 2010 10:19 pm

no money is scholarship money?
can we count on need-based?




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