<p>I received admission offer from one of the boarding schools in MA with partial financial aid. My parents are trying to arrange family's contribution but financial resources do not seem to be stable. If my parents sign the school reservation and enrollment contract with initial deposit and later due to financial constraint I with draw my registration application prior to June 1st. then what are the financial and legal obligations that my parents should be aware of. Prompt response will be highly appreciated.</p>
<p>I think there’ll be the 10% deposit that you have to pay and you’ll never get back if you withdraw. The rest could be paid back.</p>
<p>The contract should state very clearly what the terms are for withdraw, as well as any penalty. Make sure you have all read and understand.</p>
<p>mani01 please let your parents know that they should immediately contact the admissions officer to request more financial aid. As the admissions cycle draws to a close the financial aid that was offered to some families is declined as they make other choices, thus freeing up more aid for others. This happens all the time–the most important thing is to ask! The school will ask for more information on your family situation which your parents should provide. The school definitely does not want your family to opt out–if they accepted you, they want you! Hurry!</p>