Why is ED a bad idea for people with financial need?

It is really not as straight forward as that. Remember that schools that meet need meet need not want. They might expect the students’ parents to put 2nd mortgages on the house if they have a lot of equity in it. Affording it does not mean begin happy about the finances but being able to cover the finances. So it is not so easy to simply bow out. And it will put you in a difficult position if you want to bow out.