I'm heavily leaning towards Northeastern and thinking about applying ED. Wondering what the ED acceptance rate is like? How binding is it if I get accepted and then find I can't afford it? Any advice will be appreciated.
The acceptance rate for Early Decision at Northeastern differs from their regular decision acceptance rate. While the university doesn't publicly reveal the specifics, historical data generally shows a higher acceptance rate for ED applicants in comparison to regular decision applicants at many institutions.
Early Decision is binding, which means that if you're accepted, you are expected to attend and withdraw all other applications. However, financial hardship is one of the few reasons a student can decline an acceptance if granted in the ED round.
When you apply ED, it's crucial that you do a thorough review of the financial aid process and use the College's Net Price Calculator, which can estimate the cost you would need to pay after subtracting financial aid: https://npc.collegeboard.org/app/northeastern.
Just remember, if you are accepted and you feel that you cannot afford it after all, you can follow up with Northeastern's financial aid office to discuss the situation further. Every situation is unique, but generally, a successfully proven lack of financial feasibility could provide a way out of the binding ED agreement. Even so, this must be handled delicately and with clear communication with Northeastern’s financial aid and admissions offices, as it’s not guaranteed they will release you from the agreement. Questions or concerns can be directed to the finances office here: https://studentfinance.northeastern.edu/.
Remember, you should only apply ED if Northeastern is your top choice and you are absolutely certain it's the right fit for you both academically and financially.
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