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Does Ed mean no financial aid?

Applying early decision might improve your odds of being accepted with certainty to your dream school, but it might limit your financial aid opportunity at the same time. As an early decision applicant, you agree that, if admitted, you will enroll at that university and withdrawal your applications from other colleges.
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Does Ed affect financial aid?

Reduced financial aid opportunities: Students who apply under ED plans receive offers of admission and financial aid simultaneously and will not be able to compare financial aid offers from other colleges. For students who absolutely need financial aid, applying early may be a risky option.
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Does early decision mean no financial aid?

Most early decision schools meet 100% of demonstrated financial need, but they don't offer merit aid, Livingston says.
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What happens if I can't afford my ed school?

Admitted students who can't afford the cost of attendance can often back out of their early decision contracts without penalty. Alternatively, you may be able to negotiate for more aid by contacting the school's financial aid office and informing them of your situation.
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Can you reject Ed for financial aid?

If the financial aid package falls short, you'll need to either take out student loans or break your binding agreement and choose not to attend that school. Fortunately, students can usually turn down an ED offer if the financial aid is insufficient.
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What happens if you decline Ed?

Most of the time, they will let students walk away without holding them financially responsible; however, they may put that student's reputation on the line. Some schools share their list of students who have backed out of their ED commitment without an acceptable reason to the other schools to which they applied.
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What happens if you reject Ed?

A college cannot sue you for rejecting Early Decision admissions. However, you may face other consequences. These can include barring you from admission to other schools and hurting admissions odds for other students at your school.
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Why is early decision bad?

One of the problems with early decision is that its power in the application process remains too little understood among students not rich enough to pay for independent schools and private college counselors.
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Is Ed binding for 4 years?

An early decision agreement is not legally binding, but there can be consequences if a student rejects an offer.
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Is it worth it to apply early decision?

Applying early can be a good idea if you're sure about which college you want to attend. That means you've researched its programs and, if possible, visited its campus. But think twice about applying early if: You want to compare admission and financial aid offers from several colleges.
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Can you turn down an ED acceptance?

Yes, early decision is binding. However, if you have a good reason for backing out of an early decision offer from a college, the school will often let you leave without penalty. A common reason for being released from the offer is due to finances.
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What is the difference between Ed and EA?

Early action and early decision allow you to apply earlier than regular decision. Applicants receive admission decisions sooner, usually starting in mid-December. You can typically apply to multiple schools under an early action plan. Early decision, however, is a binding agreement between you and one college.
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Can you apply Ed and EA?

For the most part, you can apply to a single school early decision and other schools early action, but there are some caveats. Each school has its own set of rules regarding applications, so it is important to know and fully understand the application requirements of each school to which you want to apply.
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What happens if I get accepted ED?

If You Were Accepted Early Decision

If you were accepted to college through Early Decision, it's important to remember that the decision is binding — you signed an agreement that you will attend if accepted.
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How does early decision work with financial aid?

The answer: if you are applying early decision, you should be aware that you are essentially giving up the ability to compare financial aid offers from other schools or negotiate awards. You are committing to enroll in a school if admitted.
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Is early decision 100% binding?

Early Decision (ED)

Most schools release their Early Decision results in December. Early Decision is binding. In other words, if you are accepted via ED, you are expected to attend. Further, this means that you will not be able to consider other offers of admission/financial aid offers.
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Can you get rejected from early action?

If You Are Rejected

If you receive a rejection notice from the college you applied to via Early Decision or Early Action, the best thing you can do is to focus on moving forward.
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Is early decision 2 worse than 1?

As we discussed earlier, you'll get a lot of the same advantages of ED I by applying ED II, just with a later timetable. Acceptance rates for ED II applicants do tend to be higher than those for RD applicants, though they're not quite as high as for ED I applicants.
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Does Ed give you an advantage?

The tradeoff, however, is that ED usually presents the best statistical chance of gaining admission to an institution. Applying Early Decision is the strongest possible way to demonstrate interest, and colleges love to admit students who are not only a good fit but who are also committed to attending.
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Why is ED acceptance rate so high?

Early decision applicants have essentially committed to the school before even receiving an acceptance letter, which helps the school more accurately predict its yield. This is one of the reasons colleges often accept so many early decision applicants.
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Can you say no to Ed?

If you do decide to reject the offer due to financial reasons, you won't have to pay a deposit or owe the college any money. No ED “rules” or honor code is broken, and you are free to attend another college. One of the main reasons students reject an ED offer is due to financial reasons.
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Does Ed increase your chances?

While applying ED increases your chances of acceptance, it's not without its drawbacks. You commit to attending the school, so you won't be able to shop around for financial aid packages. You should make sure that the school's net price calculator estimate is in the ballpark of what your family is willing to pay.
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What happens if you commit to a school and change your mind?

If a student commits to one school and then changes their mind, it can cause problems for both the student and the college. That being said, you can do a few things if you want to switch college decisions after May 1. First, you should be prepared to lose your deposit at the first school.
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