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Hi guys, I have a question about ED applications. Do they give you the details of your possible financial aid package with the acceptance offer or do you not know? What if you cannot afford to attend the school with what they give you? Does that allow you to back out of the ED acceptance without any consequences?
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It probably depends on the school’s procedures whether you get the financial info with your acceptance or not. But no, regardless of the financial offer, you are committed to attend. It’s part of the reason that I personally think it’s only wise to ED at schools that have a large guaranteed scholarship. If they award you $0 scholarship but you are accepted ED, you are required to attend. You also lose all leverage to negotiate your scholarship. If scholarship money is important to you, I’d recommend you only ED at a school with a guaranteed scholarship that is large enough for you to be comfortable attending with that award.