<p>I suggest that you post this on the FA board. Also do a search on that board since this is a frequent topic.</p>
<p>To answer you questions, yes you can get out of the ED with Emory if you cannot afford it and accept admission to UG. You can also apply to any school you want at any time.</p>
<p>However you must understand that many schools will have early deadlines (think October/November for some) for applying if you want to be considered for all of the possible scholarships. If you wait until you hear about ED from Emory, you will miss these deadlines. Just because you apply ED does not mean that you cannot apply regular decision at any other school. Do not wait until the ED decision are out to apply to other schools. Apply as early as possible. If you are accepted ED to Emory and decide to attend you then MUST notify the other schools and withdraw your applications. In that case, you will not be able to compare the offers from other schools.</p>
<p>The problem with ED is that you lose the ability to compare FA packages. The ED FA package might be the best or the worst. If money is an issue then ED might not be the best option.</p>
<p>Read the rules for Emory as they pertain to applying EA to other schools to see what their policy is for EA.</p>