From what I understand, ED is the most competitive of the three Elon pools; ED, EA, RD. Your stats are fine, but not exceptional. Am I correct in assuming you visited the school? Demonstrated interest is very important to Elon. I suggest you correspond with your admissions rep and emphasize that ELON IS YOUR FIRST CHOICE. Tell them that the only reason you didn’t apply ED was for financial reasons.
That said, not sure how financials will work out. Elon really doesn’t give much merit money.
I would not count on becoming a leadership fellow. You are a long shot.
Best of luck!