<p>I'd choose Cornell over Harvard 8 times out of 10. My dad however (I'm Chinese stereotypical Asianness coming up :p) wants me to send the deposit to Cornell and take the acceptance, but stay on Harvard's wait-list. If Harvard takes me, he says Cornell can keep the deposit and wants me at Harvard instead </p>
<p>Is this even allowed? Don't the Ivies share admissions info with each other?</p>
<p>There is nothing wrong with surrendering a deposit if you are prepared to do so. </p>
<p>The waitlist hopping goes on long after the date on which deposits are due. Look at it as a game of musical chairs: College "A" admits someone from the waitlist on May 20 who has made a deposit at College "B". College "B" then fills the resulting vacancy from <em>its</em> waitlist, who probably surrenders a deposit at College "C" in order to accept, and so on, etc etc etc.</p>