<p>I think it depends on the school- I know a lot do say though that they will not penalize students who absolutely need to get out of it for financial reasons.</p>
<p>On another note though- if I get into my ED school, for $36000 and no aid, but also to my EA school, for only $22000, is there that much of a penalty for backing out of ED to go to the EA? I know you loose the $500 or so deposit, but seeing that I’d save a total of like $65000, is it at least possiblee to do wihtout being like illegal??</p>