Anonymous wrote:
Anonymous wrote:ED- early decision and binding. Apply to one ED
EA- early action. Non-binding, but earlier deadlines than regular decision
In recent years there has been an advantage applying ED and/or EA at some competitive schools.
DP.. how do they make ED binding? What if you decide not to go? Do they sue you?
They will not sue. You sign an ED agreement promising to withdraw all other apps if you are accepted. And, you agree that if you are accepted, they can share your name with other institutions. If don't enroll at your ED school and you are caught, you can be rescinded from other schools as well.
However, if the financial aid offered is not sufficient for you to attend, you can back out. Depending on the college, this can be messy, involve the high school counselor, etc. Best to use the college's Net Price Calculator before applying to see what the financial aid would be. If it does not appear to be affordable from the NPC, do not apply ED.
Another note, some EA plans come with restrictions. The most selective schools (Harvard etc) have several restrictions that involve not applying early to any other private universities, etc. You can find restrictions and exceptions on the school's website.