<p>“I would advise Juniors not to apply binding ED unless you KNOW a school is your top choice, and you KNOW your family can afford the EFC.”</p>
<p>Some schools are trying hard to dispel this myth, and encourage top low-income students to apply ED to their number one choices. Such schools like to lock in top talent as well as money (from full list payers) at ED time. They don’t want ED to be just for the well-to-do.</p>
<p>“Renigging on binding ED is risky. An RD admission can be withdrawn if the school learns you bailed on another school’s ED.”</p>
<p>Yes, but NOT when declining because the financial aid offered is insufficient to support attendance; such RD withdrawals can happen for frivolous reneging, i.e., when a full-list-payer simply changes his mind.</p>
<p>The Common Application Org is serious about their instructions! There is no risk when you decline due to insufficient financial aid!</p>