<p>Suze:</p>
<p>IMO, the best strategy for taking a lot of the guesswork and fear out of the college process is to honestly evaluate your chances, do your homework early, pick the school that you really want to attend, research it so you can verbalize why with specifics, make sure it's a school where you have a legitimate shot at admission (not a lottery long-shot), and apply binding early decision.</p>
<p>Because finances are not a driving factor, you are in the ideal position to follow this approach. The colleges get something of value (guaranteed yield), they know you want to attend, and you can focus sufficiently to really tailor an application for that school. Even more importantly, you are catching the adcoms early in the season, well before the point of burn-out. Imagine what happens to them after reading a thousand applications? Jaded.</p>
<p>The mistake kids make is holding out a false hope of Harvard, Yale, or Princeton when the reality is that would require a miracle to happen (not saying, in your case, just in general). So they waste a meaningless EA application on a total wing and a prayer ("hey, ya never know, maybe I'll get lucky!) and end up getting waitlisted in April at a school in RD that would have been a great fit and where they could have gotten a comfortable ED acceptance with a focused, well-targeted application if only they'd been realistic from the start. In a Shakesperean tragedy, I guess the fatal flaw in these cases would be greed.</p>
<p>To me, the ideal ED school is one where you figure a 50%/50% shot in RD (through 75th percentile stats and/or a strong EC identity). The ED takes a lot of the risk out of the equation. You won't catch the adcom in a bad mood when he's just going scream at the next college essay he reads... and it's yours. If your EC is community service, you won't get the horrible luck of being the next app in the pile immediately after the kid who won a national Toyota Scholarship for starting a service project in Little Haiti in Miami. You won't catch the committee on a day when they've just accepted 20 apps from prep school kids and are desperately combing the pile in search for an app from an inner-city public. You just take a lot of the variables out of the equation.</p>