For class of 2020 who were accepted EDI/II and find a change in financial situation makes the school unaffordable now (parents have a lost a job, etc.)…they should speak with the FA office ASAP.
If the FA office can’t offer more aid, unfortunately the student will have the choice to somehow pay the ED school costs, apply to a school still accepting applications (renege on the ED school), or take a GAP year and go thru the app process again. Once the NACAC list publishes, (likely at least a partial list in the first week of May), there will be some more colleges looking for students at that point.
Class of 2021 and beyond…ED will be as it always has been. Don’t apply if the NPC shows it’s not affordable, or if you want to compare offers, or if you want to merit hunt.