Does Applying ED Hurt Your Aid Chances?

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archieg
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Does Applying ED Hurt Your Aid Chances?

Postby archieg » Mon Aug 27, 2012 5:38 pm

Are ED applicants to Loyola LA still eligible for the same (grant and scholarship) aid as regular decision applicants?


Also, is (grant and scholarship) aid from Loyola need-based or merit-based?


Thanks!

mr.hands
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Re: Does Applying ED Hurt Your Aid Chances?

Postby mr.hands » Mon Aug 27, 2012 6:11 pm

Highly unlikely you'll get anything with an ED. That goes for an ED almost anywhere. (Michigan might be an exception, depending on stats). If you ED plan on getting no merit aid. That's the trade off for the boost

Also, dont ED to that terrible school

gaucholaw
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Re: Does Applying ED Hurt Your Aid Chances?

Postby gaucholaw » Tue Jan 08, 2013 4:01 pm

I know that common TLS wisdom says that applying ED kills chances for scholly, but as a personal anecdote, I got into UVA ED with $ and my numbers weren't particularly astounding (couple gpa .1's above median, few lsat points below median)

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Captain Hammer
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Re: Does Applying ED Hurt Your Aid Chances?

Postby Captain Hammer » Tue Jan 08, 2013 4:05 pm

gaucholaw wrote:I know that common TLS wisdom says that applying ED kills chances for scholly, but as a personal anecdote, I got into UVA ED with $ and my numbers weren't particularly astounding (couple gpa .1's above median, few lsat points below median)

UVA claims to not consider ED status when evaluating scholarship $, and based on a number of anecdotes I believe this is actually true.

However, UVA should be the exception, not the rule. Most schools do not award merit aid to ED applicants. The logic is pretty obvious: If they already know you're willing to attend at sticker, why give you money when they'd rather offer it to someone who's still undecided?

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Tiago Splitter
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Re: Does Applying ED Hurt Your Aid Chances?

Postby Tiago Splitter » Tue Jan 08, 2013 4:08 pm

Many applicants only get a nice aid package after a negotiation which includes laying out aid and acceptance info from other schools. By applying ED, you give up all that leverage and have to rely on the school's generosity. Don't expect any aid if you apply ED.

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Rahviveh
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Re: Does Applying ED Hurt Your Aid Chances?

Postby Rahviveh » Tue Jan 08, 2013 7:17 pm

Captain Hammer wrote:
gaucholaw wrote:I know that common TLS wisdom says that applying ED kills chances for scholly, but as a personal anecdote, I got into UVA ED with $ and my numbers weren't particularly astounding (couple gpa .1's above median, few lsat points below median)

UVA claims to not consider ED status when evaluating scholarship $, and based on a number of anecdotes I believe this is actually true.

However, UVA should be the exception, not the rule. Most schools do not award merit aid to ED applicants. The logic is pretty obvious: If they already know you're willing to attend at sticker, why give you money when they'd rather offer it to someone who's still undecided?


Anecdotally, Chicago, NYU, and Penn have all given aid in the past to ED applicants. Most ED applicants probably get nothing or very little because they have borderline numbers, so there's a selection bias going on

That said, it's usually just a token amount, so be prepared to shell out $220k (or more) for law school if you ED.




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