<p>Well, I have a question.....Say I get into my early decision school and I say yes. But, then, my letter of acceptance arrives from another school, can I decline from my early decision school and accept the offer from my regular decision school? (My ED school will offer less financial aid than my RD school). So, can I decline because of my financial situation?</p>
<p>Thanks.</p>
<p>No, that's exactly the whole gamble with ED--you must take it. Better to do early action or rolling decision if you want to weigh offers. ED is a commitment--read the fine print carefully on the applications.</p>
<p>I think you have to be genuinely unable to afford it to back out of an ED agreement - you can't change your mind because another place will be cheaper when you could afford your ED school.</p>
<p>Not unless your ED finaid is really, really dreadful and you can prove that your situation is too strenuous financially. Otherwise, that's the gamble you took. If finaid is a real problem, contact the school--there's less incentive for them to give awesome aid to ED applicants because they know they're locked into attending excluding rare situations. Let them know you need sufficient aid or withdraw your applicant into the RD round so you can compare aid packages in the spring.</p>
<p>first off
if you get accepted ED then you have to withdraw all other applications
so you wont see the RD offers from other schools....if you are honorable to the statement that you signed</p>
<p>there are ways out like the FA loophole...but a lot of schools are countering that by pretty much just saying you have to have all your finances in order to apply early</p>
<p>It is possible to back out if your situation is VERY dire, and costs are far more than what you can afford, but frankly, you should have known this when you applied. The ED statement is very serious, and signing it without being absolutely sure of what you're doing is just irresponsible. </p>
<p>For all I know, you were prepared, but I'm just saying this in case you weren't aware of this already. Like I said, it is possible, but it's very difficult, and it reflects badly on you. In fact, I've heard from my guidance counselor that colleges share information on who has backed out of an ED decision, and that it does lower your chances at other schools down the road. Accept your ED offer if it's at all possible.</p>