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Should a student who applies for financial aid not be offered an award that makes attendance possible, the student may decline the offer of admission and be released from the Early Decision commitment.
Applicants who are accepted from an Early Decision pool have signed an agreement in their applications promising to enroll at that school if accepted. Upon notification of acceptance, most Early Decision applicants are required to make an enrollment deposit in the range of $200 to $500 or more. They are also directed to make no other college applications. These agreements can be broken, but it is costly.
Early decision plans are binding — a student who is accepted as an ED applicant must attend the college.