What's the deal with Early Application?

<p>I'm a borderline student for admissions. I am right along average for about all the stats, so whether or not I will be accepted is really up in the air. My question is how does early applications here work? For instance, Vanderbilt is contract binding, and I would have to pledge to go there if admitted, regardless of financial aid. So needless to say I am waiting to apply there till RD. Notre Dame does not reconsider early applicants for regular decision if they are not accepted early. So needless to say I am also waiting to apply RD there. How does Wash. U work? Should I apply early? or is it like one of these other 2 instances where I should wait till RD? Are acceptance rates higher early? etc.
Thanks!</p>

<p>So never mind. Found out its early decision binding!</p>

<p>In case anyone cares…the answer to your second question is you can be deferred from ED and reconsidered during the RD round.</p>

<p>Well then, thanks for making this post not a complete waste (:</p>

<p>And I’m assuming you’re not aware but Early Decision = binding, Early Action = not binding.</p>

<p>Yeah I just didn’t know if they were Early decision or action, I knew the meanings.</p>