<p>We are thinking ahead and wondering how the money part of bs works -- particularly when a student accepts a spot that has been offered.</p>
<p>If my son is accepted and offered adequate FA -- what would be expected from us at the beginning of April? I am assuming there is some kind of deposit -- is it a percentage of how much you are expected to pay or a flat amount?</p>
<p>I am sure it differs by school and we would get the most accurate information by calling the school directly -- but I was looking for a general idea of how it works.</p>
<p>We don't want to be surprised and be unable to come up with the cash.</p>
<p>I believe that all of the schools that we looked at pro-rated the deposit amount in accordance with the % of the tuition/room/board that we were expected to pay based on their FA award decision.</p>
<p>IIRC, it should be $3K plus/minus $1K deposit due by about April 15. Expect to have a payment plan in place or come up with the remainder of the moneys due by early June. At least that was our experience.</p>
<p>For subsequent years, your deposit will be due by March 1, so they can know how many slots to offer on March 15 to the next class.</p>
<p>I think we will plan on having $1000 available to send in by April 10th, hoping he gets in somewhere with enough aid. We have to plan on spending some money for revisits, too -- so I think March/April are going to be very expensive months!</p>