Canceling a deposit?

<p>With the May 1st deadline approaching, I still haven't received my financial aid from my #1 college. They granted me an extension on the admission deposit so that they can complete my financial aid. My 2nd choice college, however, did not allow for an extension so that I could compare aid packages. I was thinking of sending a deposit to College #2 tomorrow and withdrawing my acceptance if College #1's aid package is acceptable. Is that a good idea?? I know I'll lose my deposit with the 2nd college, but I don't know if there are any other consequences. Thanks :)</p>

<p>Should be okay.</p>