<p>I already know the difference between the two and regular decision. What are the benefits and downsides?</p>
<p>[This</a> link](<a href=“College Board - SAT, AP, College Search and Admission Tools”>Facts About Applying Early Decision or Early Action – BigFuture)</p>
<p>To summarize, ED is binding; SCEA is binding against other ‘early’ applications but not against regular-decision applications; and EA is non-binding.</p>