College application deadlines are looming closer, and they may be closer for some than for others. Many seniors choose to apply early rather than at the regular decision due date. In fact, there are four different ways to apply: early decision, early action, single-choice early action and regular decision. The multitude of options is enough to make any senior’s head spin, and it leaves some with a pressing question: which one is the right choice for me?

Statistically speaking, early decision, early action and single-choice early action rounds generally have higher acceptance rates than the regular decision round. Another advantage of applying early is the early notification of admittance, usually around mid-December, instead of in the spring. You may also have two shots at admittance; if you are deferred, you will be considered in the regular decision round. However, there are some disadvantages to the early options.

Though the acceptance rates may be higher, the early action/decision pools are usually comprised of stronger students – students who are well-prepared for the college admissions process by early November. If your first choice is a selective school and you are not a strong student, applying early may not significantly raise your chances of admittance.

Early decision is binding, meaning that if you are accepted, you must withdraw all other applications and commit to attending that school. Students who are in need of financial aid may want to avoid applying early decision, as it does not allow them to compare aid packages and offers from all schools they have been accepted to. If you plan on applying early decision, you should be sure that the school is your first choice.

Early action and single-choice early action are non-binding. If you are accepted, you are still permitted to apply to other schools and wait to make your decision until May. For early action, you may apply early to as many schools as you want with that option. For single-choice early action, however, you are limited to applying to only one private institution, though you may apply to public universities as long as the decision is non-binding.

Regular decision is the most common route, with a later deadline and a later notification date. It is the best choice if you are interested in comparing scholarship or financial aid packages, and you may apply to as many schools as you would like in this round.

When you plan your college application route, take care to weigh the advantages and disadvantages of each to be sure you are choosing the best option for yourself.