Does #2 have ED2? If it does, maybe throwing a shot at the REA school is worth it. If the REA school is one of Harvard, Yale, Princeton or Stanford, it is a bit of a disconnect to think your kid is competitive for any of these 4 schools but not competitive for #1 unless your kid applies ED1 there. If your kid is competitive for these 4, he/she should be competitive for almost any school.
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