However, there are some colleges and universities that will not accept those with a GED. If you possess a GED, you will probably have difficulty getting into one of the top colleges in the nation. These colleges require detailed transcripts and high GPA's from their applicants.
Since you will not have a high school GPA to show, you will need to do well on the SAT or ACT if you wish to go to a competitive 4-year school (even those that will accept a GED).
However... there is a way around this.
Virtually all community colleges in the U.S. will accept GED graduates without a problem. After completing a year (or 30 credits) at a community college, you can usually transfer to a 4-year school without an SAT or ACT score, and the 4-year school will likely not care about your high school GPA.
So if you wish to go to a competitive 4-year college, just start out at a community college and do as well as possible. If you can get a 3.0 or above for your first year (or even 2 years) at a community college, then it's likely that's all they'll look at.
Plus, you can save a ton of money by starting out at a community college anyway!
Please note that there are many 4-year colleges in the U.S. that will take you with a GED, even if your SAT or ACT scores aren't all that high. It just depends on the school you are looking into.
There are also many opportunities for those with a GED diploma to receive scholarships or other financial aid.