Must ED Applicant With Money Worries Withdraw Other Applications?
Question: I've submitted my deposit after being admitted under the ED 2 plan. However, now that I've been calculating the various costs involved, it seems like my aid award is inadequate. How do I go about things from here? Must I withdraw my other applications even though the financial situation has changed?
Early Decision applicants can withdraw from the binding commitment without penalty if the aid package is insufficient. But it sounds as if you’re trying to have your cake and eat it, too. If you were accepted at your ED 2 college but without sufficient aid, you should have contacted the college right away to appeal the aid package before submitting your deposit. Then, if the aid appeal was not successful, you shouldn’t have submitted the deposit. But, once a deposit is in (as yours is), it’s time to immediately withdraw all other applications.