Early Decision for International Student Needing Financial Aid?

Question: I am an international student from Bangladesh and looking to apply for fall 2014. I have been doing a bit of research on U.S schools for higher studies and thus I came to know about Early Decision. I am not looking for top notch schools like MIT, HARVARD or CORNELL because I might have the most possibility of getting rejected as only the best students from our country make it into those schools. Nevertheless, I did find a lot of schools that could meet up with me in every aspect. University of Rochester, by far fits me really well.

But now, when I came to know about ED, I got a bit confused. If I am admitted to the college but do not get the aid I need to attend, am I obligated to go anyway (and how could I)? Can I negotiate for more money? Thank you.

When a student applies to a binding Early Decision program and is also a candidate for financial aid, then the student may withdraw from the ED commitment if the aid award is insufficient. But this must be done almost immediately, usually within about three weeks of receiving the verdict. An applicant cannot wait until spring to compare the ED aid offer with other offers.

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