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And if a student is admitted ED but without adequate funding (by whichever standards the student and parents use to define "adequate"), then the student can bail out of the ED commitment without penalty.
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Is this really true? What we think we can afford at our ages with the number of children that we have may be quite different than what our D'13's first choice college might think. Also, I thought that strong candidates who needed aid were better off applying regular decision so that they could compare financial aid offers and perhaps encourage comparable schools to offer more aid if those offers differed significantly.