<p>For people who doubt the advantage that wealthy people have in binding ED:</p>
<p>From the Columbia University Spectator Dec. 11, 2004: <a href="http://www.columbiaspectator.com/vnews/display.v/ART/2004/04/09/4076291b840b9%5B/url%5D">http://www.columbiaspectator.com/vnews/display.v/ART/2004/04/09/4076291b840b9</a></p>
<p>"It is more than three times harder to be accepted here via regular decision.</p>
<p>While the decrease in Columbia College's admission rate to under 11 percent may well boost its US News & World Report ranking, this statistic points to gross inequities in the admissions game. Once again, early decision applicants, with an approximate 30 percent admission rate, account for nearly half of the class of 2008.</p>
<p>The Columbia admissions web site says that the higher acceptance rate under the early decision program reflects "the remarkable strength of a self-selected applicant pool." While the admissions office does not release a comparison of academic achievement in the early decision and regular decision pool, we can safely assert that any difference in "strength" certainly does not warrant a 300 percent better chance of admission to Columbia. ....</p>
<p>The strategizing of early decision benefits predominantly wealthy applicants who have greater access to advisers and counselors who know the intricacies of the admissions game and the mathematical advantages of applying early. In addition, financially disadvantaged students are less likely to apply early decision. While the system is not technically binding, it presents obstancles to students hoping to compare financial aid packages."</p>
<p>--</p>
<p>From the University of Virginia "Cavalier Daily," Nov. 26, 2002: <a href="http://www.cavalierdaily.com/CVArticle.asp?ID=14338&pid=943%5B/url%5D">http://www.cavalierdaily.com/CVArticle.asp?ID=14338&pid=943</a></p>
<p>"The University offers financial aid estimates to early decision applicants that want one, but the admissions office itself admits that few applicants capitalize on this offer. An estimate cannot possibly be accurate to the real amount the University will offer. </p>
<p>Without a chance to haggle with the financial aid office, talented and financially strapped students abandon the early decision process to ensure the maximum amount of financial aid. Wealthy applicants do not have to worry about financial aid, so they dominate the early decision applicant pool. </p>
<p>In order to ensure all students have a fair shot at attending the University, the University must either remove the binding early decision policy entirely, or convert the early decision policy into a non-binding early action program. "</p>
<p>--</p>
<p>USA Today, Oct. 31, 2004: <a href="http://www.usatoday.com/news/opinion/editorials/2002-11-01-edit_x.htm%5B/url%5D">http://www.usatoday.com/news/opinion/editorials/2002-11-01-edit_x.htm</a></p>
<p>"But in return for early certainty, students trade away their opportunity to weigh multiple acceptance offers and use their senior year to make sure they're choosing the right colleges. They also give up the ability to negotiate financial-aid packages.</p>
<p>No surprise, then, that compared to students applying on the regular schedule, early decision candidates are more likely to be wealthy and come from private schools. They also are less likely to be minorities.</p>
<p>Early decision was pioneered at elite colleges more than 30 years ago to streamline the admissions process for highly qualified, privileged seniors who were sure of the college they wished to attend. But that system, which started out filling roughly10% of a freshman class, has ballooned out of control. Today, some colleges will choose as much as 60% of next fall's class through early decision."</p>