How do colleges evaluate financial need in early decision?

Sarah

New member
I want to apply to a certain school under an Early Decision II plan. The application is due January 2nd. However, the FAFSA isn't even out until the 1st. So how do colleges determine your financial need without the FAFSA?
The Common App Early Decision Agreement states that you can withdraw an ED agreement if you have not been given sufficient financial aid.
 
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