Paying for College

Should No-Need Family Answer "Yes" to FinAid Question Anyway?

Question: Based on our financial situation, there is no possibility that our daughter will be eligible for need based financial aid.  From our discussions during some college visits, there is a good chance that she could receive merit based awards.

The Common App asks if she is planning to apply for need based financial aid. Will answering ‘yes’ to this question impact her chance of acceptance? Does she need to apply for need based financial aid in order to be considered for a merit award?  Or do we simply submit a FAFSA?

The merit aid morass is one of the most confusing parts of the already-confusing college admissions process.

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