<p>I know that you are binded and you have to go, but I heard that if the college's financial aid package isn't good enough, then you can break off? </p>
<p>Is this true? how often does this happen? and by "not good enough" do they mean like the college would only give you 1k and you need 20k? and are there any negative sides to breaking it off? (such as a fee)</p>
<p>thanks! :)</p>
<p>Well, if you break it off, all the colleges basically have an agreement, so you won't be able to go anywhere, except your state school, and that's only for financial reasons.</p>
<p>wait what do you mean they have an agreement? why would I not be able to go to any school if I break it off with one?</p>
<p>Do a search on yhis site. This issue has been covered over and over. Don't apply ED if money is an issue.</p>
<p>There are ways to get out of an ED agreement. My friend got in ED at Emory, but then decided that she didn't want to go there. Instead she is going to Columbia.</p>
<p>Backing out of ED can have repercussions for you and future applicants from your high school. Please don't do it unless you know you will go to the school if accepted and there are no financial issues. Do NOT apply ED if money could be an issue - it's simply not worth it. Plus, though you might not care about this, backing out of an ED agreement is simply unethical.</p>
<p>Klf, good luck to those applying to emory from her school next year! Her counselor had to sign saying she would not apply to other schools if accepted. Yuk, nice friend!!</p>
<p>OP:</p>
<p>if the school meets 100% of demonstrated need (not all do), they could "meet" your need with all loans, or a combination of loans/grants, with more loans and less grants. But, as suze notes, do not apply ED if you need to compare financial aid offers.</p>
<p>There is no 'fee' to break it off....</p>
<p>klf: your friend is ethically-challenged, IMO.</p>
<p>Suze, pretty much everyone from my high school goes to florida schools, so I don't think that it will have an effect on anyone else. Only 5 people are going OOS from my graduating class.</p>
<p>Blue, people change their mind. Obviously Emory didn't have a problem releasing her from ED.</p>
<p>klf:</p>
<p>perhaps, but if the Ivy League was where your friend wanted to go, s/he should not have applied ED, anywhere. Sorry, I just don't buy the change of heart (from suburban Atlanta to the Big Apple) story. And, yes, a college will let you out of the committment, bcos they have no other choice, really....can't exactly sue for performance of a contract, can they?</p>
<p>She applied to schools, but not based on their location. That didn't really matter. I'm not sure exactly how she got out of it without reprocussions. She was the type that didn't know exactly what they wanted and applied to a ridiculous number of schools. As I would call it, being very indecisive.</p>
<p>I agree with what has been said. If you know that your going to a school and NEED money, then you shouldn't apply Early Decision. That takes away from other kids who really want to go there, regardless of the monetary situation. I don't think what my friend did is right, I'm just saying that there are ways out of ED.</p>
<p>Well I want to do early decision because I think I'm one of those borderline students and I think with early decision I'd be able to get in ... they don't have early action and I think that if they have ED and I <em>definatly</em> want to go there, then I should apply ED</p>
<p>Well if a top school (usually one that meets full demonstrated need) can't meet your financial need, then no other top schools won't. So if, assuming you can get in anywhere, the choice lies between cheap/free state school and expensive ED school, you should just ED and the school will be pretty fine with letting you go to your state school.</p>
<p>Well I want to go to this certain college (ACP) but the merit scholarships in MCP might be higher than in ACP </p>
<p>but I'm pretty sure I'm going to get into MCP while I think I might be a borderline student with ACP</p>
<p>usually the only way you can get out of ed is then by going to your state school (apparently this isn't the only route as a previous poster has noted)</p>
<p>but most schools provide a preliminary fin-aid evaluation prior to releasing the decisions, so if you find out they won't give you enough you still have time to pull your application from ed</p>
<p>First off, ED is not going to save you if you can't get into a certain school. ED is great for showing interest but IT IS NOT THE ONLY WAY TO. Showing interest through other ways can work just as well as ED - and is less dangerous. You should be applying ED because you know you want to go to a certain school - not because it gives you some sort of 'edge'.</p>
<p>Secondly, schools won't send you a prelim fin-aid evaluation until after or at the same time as your decision, so don't think you'll get it with time to withdraw an ED app.</p>
<p>I definatly want to go to the certain school and I also think early decision would give me an 'edge'</p>
<p>I've even talked to the admissions guy and he told me that early decision and visiting can really increase my chances (I didn't tell him my stats, I just asked what would help) </p>
<p>the amount of merit scholarship money wouldn't go down right?</p>