One of These Things Is Not Like the Other: Nuances of Early Decision Agreements

The early bird gets the worm . . . but at what cost? With thorough research and thoughtful consideration, Early Decision can be a win-win for students and colleges - even (sometimes, especially) for families with financial need. Gaining a clear understanding of the Early Agreement and financial aid timeline will help determine whether it’s the right choice for your family. 

This post explores the nuances of the Early Decision Agreement - which can be substantially different across institutions. I cover what’s common, where to find it, and what to look out for in Early Decision Agreement language. I finish with tips on estimating your family’s actual cost at the specific college, which is key to determining financial fit. After all, for what other major purchase do you sign a binding agreement that does not include the price?