There are pros and cons to applying by November or December to qualify for an Early Decision. The best option is to research early decision and early action plans to learn if what’s the best choice for you. Early decision is binding. You’ll have to withdraw your other college applications if you’re accepted. If you’re not sure, it’s best to select early action or regular admission, both of which are nonbinding. Early decision plans are best for students who are accepted by their first-choice school and receive the required financial aid. You also won't know your financial aid package until you're accepted. If you're still considering your options, you may not want to lock into a school just yet.