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It may change your status to that of a transfer student if you pick up too many credits after you graduate high school. That might be a positive or it might hurt you depending on the school and how many transfer students they admit. Contact your potential colleges before you make any decisions to see how you would be viewed by each one individually.
Usually if you are going to graduate at mid-year, schools want to know that you are doing something worthwhile with your time, rather than sitting around twiddling your thumbs, so you may want to talk to each school about how a mid-year graduation would affect you, as well.
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