All in Post-Application
Getting placed on a school’s wait list rather than receiving an offer of admission can feel like a very remote second place. Wait lists can move, though, so opaque as the list may be-- am I first in line? 2,415th?-- act now to keep your spot if you are still interested in the school.
It’s the best thing EVER when you are admitted to your Early Decision school. You are done with applications (except in some cases) and ready to attend your dream school next year. Similarly, Early Action results present you with admissions decisions before the regular decision pool of applicants so that you can begin to breathe a bit easier and start narrowing your focus. But if you are deferred or denied, you have some decisions to make.
Last week’s blog covered how to read your award letter, but what can you do if the amount you are on the hook for is higher than what you can-- or want to-- pay? Ideally you will have sussed this all out before applying to schools, but the reality is that a school isn’t always transparent about expected family contribution, and even when it provides a cost calculator, the school doesn’t necessarily stand by it.
Many questions arise when you read a college’s financial award letter, but what you must focus on is the bottom line: After all is said and done, what will I be paying? The formula is simple: COA - GIFT AID = EFC
Virtually all colleges that have not done so already will be releasing their regular decision application outcomes in the coming weeks, with regular decision applicants receiving feedback by the first week of April.
This post describes how to negotiate your award package in whatever form it comes (need-based or not).
