<p>I’ll clarify this to the best of my abilities. </p>
<p>Both Early Action and Early Decision are types of early admission that are offered by many, but not all universities. Early Action simply means that you are applying early, and is more like regular admission. If accepted, you do not have to go to the school, and can still apply to other schools. </p>
<p>Early Decision, however, is binding. If you apply early decision, and are accepted, then you are obliged to go to that school. Although there is no legal contract involved, breaching the Early Decision agreement could result in the college blacklisting you, and forbidding transfers to that college in the future. If you do apply Early Decision and are accepted, go there. There could be negative repercussions. </p>
<p>Single Choice Early Action is offered by some of the top universities, such as Yale, Harvard, and the like. You can only apply to one college with single choice, and after you are informed of your acceptance or rejection, you are free to apply anywhere else. Like with ED, you can only apply to one place with single choice, but unlike early decision, it is not binding. Do note that only some colleges do single choice, and they are only the most elite ones.</p>
<p>Now, it can be a good, or bad idea to apply to any of the three. Early Action is really a win-win scenario. It usually has higher acceptance rates, and is not binding. This means it gives you a slightly better shot at colleges, while still allowing you to apply to as many as you want. In essence, it is regular decision, but earlier.</p>
<p>Early Decision can be good, but also has some negatives. Like I said, you are limited to one Early Decision school. Also like I said, it is binding. Only apply Early Decision if you know that you want to go to the school, and you know that you can afford it. Just because you are accepted ED, does not mean that the school will offer you the financial aid that you need. This could result in you having to go to a school that you cannot afford, or breaking the deal, which could have repercussions. </p>
<p>Single Choice EA also has its positives. While it only allows you to apply to one school EA, it has slightly better admission rates, and isn’t binding. Apply to schools with Single Choice EA when you want to go to them, even if you are unsure about your ability to afford it. </p>
<p>All three offer better admission rates, which can be modestly, or substantially better than regular decision. It is best to only apply EA, ED, or SCEA if you want to go to that school, and when you would have a low chance RD. If you are only going to apply to one school (which is a bad idea), do so with an early program, so that you get in sooner. Apply RD to schools which are matches or safeties, as early admission programs would be irrelevant for that. These early admission programs are best for the very competitive schools, as they offer a better chance of getting in.</p>
<p>Although I haven’t had personal experience with this, some have said that merit scholarships are less with ED and EA. They say that when you do early admissions, it makes it look like you are reaching to get in, and may not have as good stats as RD applicants. </p>
<p>I know I wrote a lot, but I hope that it helped.</p>