<p>Daryll, Welcome! In my opinion and my son's experience, ED can be a win-win experience for the student, the family and for the college. </p>
<p>The basic criteria are that the family must be in a financial situation so that any (or even no) aid offered by the college would be acceptable, the student must have a clear #1 choice and less critical but still important, the student should be a good fit academically and culturally for the school, in other words in the ball park even it's a reach.</p>
<p>Once those three qualifications are met, then I'd say that ED is an excellent strategy. It's true that the process is somewhat schizophrenic: The student must love his/her #1 with all his/her heart and soul and at the same time steel him/herself for the psychological blow if things don't work out. </p>
<p>I think the best way to deal with this is to put your best effort into the ED application, mail it and forgetaboutit. Pursue choices 2-10 with equal vigor and have them all ready to go on the day that the ED results come out. (Or if you don't mind spending the application fee, go ahead and send them in advance of the ED results) Don't put yourself in the position of having to write essays through tears and disappointment.</p>
<p>I see ED as a valid risk management strategy -- as I said good for the college in that they get committed applicants and up their yields -- and good for the student -- as they get an admissions boost at their first choice and get to kick back for the next few months. </p>
<p>Conversely I also see a risk in not applying ED (again, as long as the financial aspect is covered). The way to judge is to look ahead to April and visualize getting a rejection from College X in the RD round. Would you and your child always regret not giving College X that extra effort that ED implies?</p>
<p>In my son's case there was risk that he didn't even know about until afterwards: an extremely qualified student from his high school had also targeted the same LAC as my son's first choice. Because of the size and character of the high school it's unlikely that the LAC would have admitted two students in the RD round and although their profiles were completely different this other kid would have been difficult for the college to turn down. So I always feel grateful that my son decided to apply ED and pre-empted the competition that he wasn't even aware of. In the end, both boys ended up at this college and both had wonderful experiences.</p>
<p>Does being full pay help in ED? I for one take the colleges at their word when they say they are needblind and I believe that the adcom doesn't see the need applications. There are, however, more clues in an application than the leadpipe in the library. Very often colleges are actually looking for low income admits for the purpose of diversity. An upper middleclass (I can pay!) application is also fairly blatant. If the college is not needblind then not asking for financial aid may very well be a plus in an ED application.</p>
<p>Good luck and let us know what develops.</p>