<p>Dianabelle, you are incredibly mistaken.
I had a friend who decided that they wanted to back out of her ED agreement. After the shcool found out that they weren’t going to pay for their first year of college, they threatened to sue. With your parents, your counselor, and you signing the contract, it is legally binding for your family. Even if you choose not to go there, many colleges will force you to pay first year tuition. </p>
<p>There are only 2 real ways to get out of an ED agreement. 1) not enough financial aid offered, 2) not going to college that year.</p>