Penn ED Rules for International Colleges & Fin Aid
I'm an international applicant planning to ED Penn. Since Penn is need-aware for internationals, I'm not going to be applying for aid (although given my family income I would qualify for nearly full aid). This might not look like a good decision, but my family and I have foolproof plans of arranging funds keeping in mind that employment for internationals is not guaranteed given current circumstances. Moreover, I'm from a highly competitive country where less than 5% of Penn admits get any aid at all.
I'm also applying to certain top colleges in other countries (think Oxbridge, Imperial etc.) where I might get full merit (tuition+living) scholarship. Although I would still prefer Penn to any other university, given the difference in cost (nearly 400k usd), I would most certainly prefer going to the other uni.
I understand that Penn is binding even for international colleges, and that Penn allows ED admits who have applied for fin aid to opt out of the ED agreement in case they receive better fin aid packages. In my case, would I still be able to opt out of the ED agreement after not applying for aid? Is there any grey area there where I am able to opt out of the agreement