NO. The answer is no. A college does not “look down” on ED applicants applying for financial aid. I think you are misunderstanding. Applying ED does NOT mean that you are signaling that you can afford the LIST PRICE of the college. However, you should be applying in good faith that you can afford the NET PRICE that results after you run the school’s Net Price Calculator (NPC).
Did you run the NPC? If so, what was the estimated net price that resulted? Can you afford that net price? Because that is what it is likely to cost you (unless you have some complicating financial situations that would affect the accuracy of the NPC).