should I apply to Emerson C Honors Program?

<p>I am very undecided about whether to apply to Emerson College's Honors Program (and I need to make a decision by tomorrow because I am applying Early Action and the application is due on Monday).
I am in an IB Program, 4.0 weighted GPA. 1850 SATs(pretty low, but I took them again a few weeks ago and the scores will be released this Thursday). Interested in Studio Television Production..and Film. Involved in a number of extracurriculars, including interning at a local TV station and I did NYU's Summer Filmmakers Workshop this summer.
Not a minority, do not qualify for any sort of need-based financial aid.
Submitted the Common App already, have gotten lots of complements on my essay.
Also a very important note: I am applying Early Decision to NYU
Do you think I have a chance of being accepted into the program? Is it worth the extra essay/graded writing sample? Is it possible to reapply for the program for sophomore year(in the event that I opt out of applying and decide to attend Emerson)?</p>