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[gonnif]

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[CupcakeCarabiner]

Thanks so much for this! Do you know how acceptances work for schools in the Texas system, specifically for those woh applied as Out Of State candidates?

 

[DNAJB6]

**Schools are in no way obligated to provide financial aid information prior to their CTE date. The majority will some will not process financial aid until after you CTE. You may have to make a final decision about which school without financial aid info.​

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Thanks for the useful/thorough post.​

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With regards to the section in bold, do you (or anyone else) have a list of schools that expect you to commit without providing any financial aid information? That information will be useful to current and future applicants and may make a difference in choosing schools for applications. It seems a little unfair to expect a student to commit without any information on the financial end. What if there is a problem with getting federal student loans due to something unexpected (e.g. lifetime caps, etc.)? Then you're out of a seat and your deposit.​

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[gonnif]

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Thanks for the useful/thorough post.​

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With regards to the section in bold, do you (or anyone else) have a list of schools that expect you to commit without providing any financial aid information? That information will be useful to current and future applicants and may make a difference in choosing schools for applications. It seems a little unfair to expect a student to commit without any information on the financial end. What if there is a problem with getting federal student loans due to something unexpected (e.g. lifetime caps, etc.)? Then you're out of a seat and your deposit.​

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1. I do not have a list. Much of this will depend on when in the cycle you get the acceptance, especially in April and/or via waitlist
2. The $100 deposit is refundable and that is all you will have to pay to hold a seat
3. The calculation of financial aid by a school is NOT a loan approval. It is simply the school acting as “appraiser” so to speak stating to the DOE how much you can borrow to.
4. Actual loan approvals can only start 90 days from matriculation date. This is because the regulations require credit report and worthiness be 90 days or less
5. One of the main reasons for last minute waitlist acceptance is exactly loan issues and that is because of the federal regulations.
6. As they say in Vegas “youse pays your money, youse take your chances”