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At the schools I know best, dozens of kids apply ED to Penn every year, and lots of them are accepted. In many cases, Penn really is their dream school. Often they are immigrants, or children of immigrants, and they put a high premium on remaining close to their families. Often they have been involved in scientific research at Penn or Penn-related institutions for years, and going to Penn will let them continue working with people they know and admire, on projects in which they are already invested. They feel they understand and trust Penn's financial aid policies. Sometimes they are children of alumni and have been wearing red and blue since birth. They are thrilled to go to Penn.
In other cases, they may be a little more ambivalent, but in the final analysis what they conclude is that Penn has everything they want in a university, and they will be happy to go there. And if they are accepted, they ARE happy to go there, and even happier once they are there and it is even better than they expected.
I don't see anything wrong with either group.
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