Admissions

Am I at a Disadvantage if I Didn't Apply Early Anywhere?

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I am just starting the application process, and I waited until the Regular Decision (RD) round on purpose. But now everyone I'm talking to is done with apps and some are even starting to hear from colleges, and I feel really behind. Some of my classmates are now telling me that I'm at a disadvantage by not applying Early Action (EA) or Early Decision (ED). Is that true? Is RD seen as a negative?
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