EA, ED, Chance to wiggle out?

<p>This is all purely theoretical, since I'm a junior at the moment.
I visited both MIT and Cornell over this past summer [And a lot of others, but none of them particularly stood out to me] and I loved them both.
I want to know that if, say, I applied ED for Cornell next year and EA for MIT and got into both - is there a way I could get out of the ED for Cornell?
I go to Stuyvesant HS and basically, for MIT, our acceptance rate was 48 or so % for the last 2 years[exluding the people with abysmal GPAs who applied for the heck of it]. Cornell's is a bit irrelevant because their acceptances from my school aren't as random as MIT's are. [Ex. This year, the valedictorian from our school who had multiple APs, led the school math team, rejected from MIT. However, a good friend of mine with only 1-2 APs, but a good bit of comp. sci knowledge and only a 92 average got in.]
The general trend is that the people with top notch, ie. 750+ on math/crit reading get in.
Cornell's is a bit different, their trend is that people with 94+ GPAs get in during normal admission, but ED is about 92+. The exceptions are when someone screws up their SATs.
I've gotten a 91 average for the past two years, but have about a 96 this year [I didn't think HS was all that important and girls, ya know].
With a stroke of luck, I can get into Cornell normal admissions, but I have a MUCH better chance at ED.
The thing is, I wasn't really considering MIT because I didn't think I'd have much of a chance, but I have 3 good friends at MIT who keep egging me on and telling me I'd make it in.</p>

<p>I have a good background with technology, took pretty much every tech course stuy offers [computer technology, circuitry, speaker building, taking digital electronics next year], a job as a computer technician at a local college, err you get the drift.</p>

<p>My dilemma is that my chances for MIT at normal admission are dismal. There's a certain threshold for the GPA, it's not as important as other things, but while I can do it with EA, I have a much smaller chance during normal.
My chances for Cornell at normal also look not too bright during normal, but very good with ED.</p>

<p>Err, I think I went off on a tangent that I didn't mean to, but the general point is that MIT is a 50/50 cointoss for EA and Cornell is a 75-85 for ED.
I'd much prefer MIT if I had a choice.</p>

<p>Now, I don't want to end up with two acceptances next year and be forced into Cornell, I'd be happy for Cornell, but I'd still resent myself for what could have been =X
Main Question: Would there be a chance to wiggle out of ED?
I read something about financial stuff being the way out.
My dad's a drunk and my mom's a teacher. Two mortgages on houses that we can barely afford nowadays, so I doubt we'd be able to afford anything above 15 grand a year, if that.</p>

<p>Are finances the only loophole?</p>

<p>Sorry for the long post again, I have trouble writing compact stuff on forums... Always turns into an essay.</p>

<p>Don't do it.</p>

<p>Extremely unethical, and unfair to other students too. Both colleges will rescind admission if they find out about what you're doing.</p>

<p>The whole point of ED is to declare that this is your absolute number one choice, which means that once accepted you will definitely. DO NOT apply ED to ANY school if you have any intention of copping out if admitted. You'll only screw yourself over in the process to be blunt.</p>

<p>The ED/EA advantage at these schools is not what you seem to think it is. Keep in mind that a lot of the increased percentage is because of hooked applicants--athletes, legacies, development, URMs--in the early pool. Less so at MIT which does not have legacy preference, but it doesn't mean it's much easier to get in early. If you can't get into these schools RD, you're highly unlikely to get in ED.</p>