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It sounds like you can go ahead and submit apps to other schools. Decision time will come when you receive NU's offer. At that point you either accept, in which case you must immediately withdraw all other apps -- or you decline and wait to see what the other schools offer. Two things you cannot do: Accept NU's offer and then leave the other apps pending; OR go back to NU in April and tell them you want the ED offer after all.
It does kind of bite that you have to make this decision without knowing what WOULD happen if you could see all of the schools' best offers. Just the way it is. I hate money too.
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