<p>It is a completely non-binding early action, and you have until May 1st to accept or decline (it is NOT an ealy DECISION plan). You are free to apply to as many other schools, including early action and early decision, as you wish.</p>
<p>Last year I applied on November 14, and they let me know within 10 days that I was accepted and had the scholarship. I waited until May 1st to make my final decision, (and I eventually chose one of my other options) but it was a real stress-reducer to know I had one good opportunity so early, while everyone else was still stressing whether they would be accepted anywhere. (It is a truly beautiful campus, btw!)</p>