Early Decision and Financial Aid

thumper1
Tue, 24 Jul 2007 16:04:25 +0000

Early ACTION (EA) is very different than Early DECISION (ED). ED is a binding acceptance, pull all other applications from any other schools. Done. With SCEA you can only apply EA to that one school EA (Single). But in all EA situations you can still apply to other colleges and your EA acceptance is not binding. In regular EA (not SCEA) you can apply to other schools including other EA schools (as long as you don’t apply to a SCEA in the bunch). You do not have to commit to attending a college until May 1 and therefore you have the ability to compare multiple acceptances and finaid. ED…you can apply to any school you choose to apply to, but if you are accepted ED, you must pull all remaining applications that are pending and accept your admittance to the ED school immediately. Folks applying ED have agreed to accept an admittance offer…period. Yes…it says that you can get out of your ED acceptance if they don’t meet your financial need. BUT there is nothing that tells you HOW they are going to meet that need (and it could be with loans, and a lot of them).