<p>Often, admissions people at info sessions state that “if FA is an issue, don’t apply ED”. That’s one big reason why harvard & Princeton got rid of ED.</p>
<p>I also should point out that some schools suffered greater losses due to the Great Recession than others. Endowments are down substantially at all schools. And while all schools would be affected proportionally, some schools use their operating costs based on those endowments, particularly LACs.</p>