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But what if the ED school admits me but does not meet my demonstrated need? In that case can I break the bond?
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This has been discussed ad nauseum. When you apply ED, you are agreeing to take the acceptance WITH the financial aid the school computes to meet your need...which quite frankly might NOT be what YOU think you need.
If financial aid is a significant concern...do NOT apply ED. Apply to a variety of schools EA, and RD so that you can compare financial aid packages. You can NOT do so if you get an ED acceptance which IS binding...and you are required to withdraw all other applications.
Also...I would suggest you post your question as a separate thread as it will get more responses.