I’m contemplating applying early to Penn in the ED round (deciding between Wharton and the college). How much more competitive is the ED round? Is it worth the higher acceptance rate?
I’m also worried about applying early and not getting the financial aid I need. Has anyone heard of times when they are able to back out if they don’t get the financial aid that they need?
ED has the escape clause of insufficient financial aid. ED applicants who are accepted get a financial aid package with the acceptance. If inadequate, the accepted student can be released from the ED contract.
Yes, ED applicants have s better chance r of getting accepted by Penn. As a general rule, it’s befn my observation that Accepted ED students tend to get solid FA packages. The schools really want a 100% yield for ED. All financial aid applicants should run the NPCs for their schools and there is room for discussion of the aid package is way off. If it is, getting an explanation is important, because all of the NPCs might be off for the same reason The ED financial aid package might be the best a student gets