<p>I want to go to UPENN and apply early, but I know (correct me if I'm wrong) that ED is binding. Is EA too? If EA isn't binding, does UPENN have it?
Because if they accept me but only give me a little scholarship money and I can't possibly pay for all the rest, I don't want to be forced to go there. Its my top choice though, and if they give me enough money I would love to know I'm going there early.
Does UPENN have EA? And is it binding?
I tried to get the answers myself but they were never direct.</p>
<p>Penn only has binding ED. If money is a concern and it doesn’t look like Penn will give you enough cash, do not apply early.</p>
<p>Technically, if you apply ED and they do not give you enough aid, you can get out of it. However, you have to demonstrate that Penn (who claims to meet 100% of demonstrated need) did not give you enough money. In addition, it will comlicate things if you wanted to apply to the handfull of schools that offer significantly better aid than Penn (HPY, Stanford) as they are Penn’s peers and honor its ED contract. You would basically have to attend your state school if you turn down Penn ED.</p>
<p>You can apply for a dual-degree program that’s not right for you, and choose a single degree option (if turned down for dual degree program) that’s not binding. That’s basically the same as applying to Penn EA.</p>