I believe the OP said that if their child doesn’t get the scholarship they are released from their ED commitment. I can see that this is tough choice given that they’d prefer a budget of $15-20k per year (essentially room and board) but NPCs at top schools are coming back between $40-60. UC’s would also be around $40k in-state. If they decide not to go ahead with Lehigh, the OP should make sure there are sufficient budget friendly options on the list - meaning assured to come in at budget as opposed to having a chance of coming in at budget via a highly competitive scholarship (i.e. STAMPS).
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