Can ED accepted student back out if the College refuses financial aid?

For sure! My daughter was just accepted into the iMPA program at UT and I was checking tuition costs. At the same time I looked up their medical school and law school costs and was flabbergasted at how inexpensive they are for in state and chuckled a bit when the in state parents were complaining at the cost of the Masters program tuition. Many of them don’t realize how fortunate they are to have such great schools in their back yard nationally ranked at those prices!