Originally Posted by courts
The amount of scholarships and financial aid do not decrease, but, if accepted, will be difficult to back out of. You might get bad financial aid and be trapped with it, that's all.
This is NOT TRUE
. If the financial aid awarded by Penn is insufficient, an accepted ED applicant is allowed to decline the ED offer of admission. Of course, before declining the ED offer, the applicant also can see if Penn will increase the financial aid award.