Deposit binding?

Applying to College
1

<p>I was just wondering... is an enrollment deposit something that is binding? Can you still back out after paying the enrollment fee for a college in May or whatever and decide to attend another college instead? (regardless of whether or not the fee is refundable)</p>

2

<p>Yes, an enrollment deposit is binding. Barring incredible extenuating circumstances, you can ONLY back out after paying the deposit if you were waitlisted at another college (and then got accepted).</p>

3

<p><a href=“http://talk.collegeconfidential.com/college-admissions/831536-if-you-reserve-spot-your-colleges-class-do-you-have-attend-college.html?highlight=deposit[/url]”>http://talk.collegeconfidential.com/college-admissions/831536-if-you-reserve-spot-your-colleges-class-do-you-have-attend-college.html?highlight=deposit&lt;/a&gt;&lt;/p&gt;

<p>This is one of many pertinent threads retrieved using the Search function for the keyword ‘deposit’.</p>

4

<p>As long as you didn’t get an ED acceptance, an enrollment deposit is not binding. You can back out for any reason. You just lose your enrollment deposit. Don’t try to hedge your bets by submitting enrollment deposits to more than one school at the same time. If the schools find out, both will withdraw your admission. If you have submitted an enrollment deposit to a college, but change your mind about attending it, withdraw your acceptance before submitting an enrollment deposit to another school.</p>

5

<p>There is no way it can be binding unless they TELL you it is. Read the acceptance/agreement. </p>

<p>If you don’t have it yet, and are speculating…then know that of COURSE things happen. What if the child gets ill? What if they simply change their mind and don’t want to attend college at all? </p>

<p>Colleges are experiencing melt and working waitlists into the early summer. My own neice had already accepted an offer at Michigan State when Columbia came calling her off the waitlist in the summer and you can bet she cancelled Michigan (sorry Michigan, didn’t mean for that to sound so harsh). Obviously, you need to actually make a decision if you have more than one offer. But…“things” (as above) do happen to sometimes change that decision.</p>