Columbia - Repercussions of not accepting Early Decision Admit

Hi, Does anyone know if there are any repercussions of not accepting an admit from the Early Decision round (after having paid 6000 $) ? Is it just an ethical contract that you can release yourself from by paying 6000 $, or does it hav…

Hi,

Does anyone know if there are any repercussions of not accepting an admit from the Early Decision round (after having paid 6000 $) ?

Is it just an ethical contract that you can release yourself from by paying 6000 $, or does it have any other ramifications ?

Thanks !