I am trying to understand how the early admission rules
work with regard to financial aid.
Say, one gets admitted to a fancy-shmancy expensive
private school as an early admission applicant. At the same
time, one has zero money of his/her own and one's family
refuses to pay more than, say, 10K/year. If one fails to
find financial aid to cover the expenses, is that person
legally free to walk away from the early admission
agreement?
The reason I am asking is that my daughter is >90%
guaranteed admittance to a very good public school.
She wants to apply to few private schools but knows
we can't afford them and that her formal papers are
not that stellar to guarantee sweeping financial aid.
She is trying to understand if using early admission
under these cir***stances make any sense whatsoever.
I would like to understand that as well.
Some private schools are good but not 5-10X better!
Thanks,
DK
