Depositing to a school May 1st and changing your mind June 1st

Some schools are sticking to May 1st at commitment days and some have moved to June 1st. In the past one put a deposit down by May 1st and if they got off the waitlist for another school they could turn down their original admissions and then go to the school they got off waitlist for.
Could the same happen with schools with different commit dates. Can you commit tomorrow to one school, and then before June 1st if you decided you would rather attend one of the schools with a june 1st deadline, then withdraw and commit to the other school.? This is not about losing the deposit. In this case June 1st school is still looking at aid package and has not returned an answer. May 1st school wont push their deadline.

I don’t see why not - but you would lose your deposit at the first school.
You just can’t be deposited at two schools at the same time.

^^ Agreed. You should be fine, as long as you don’t double deposit.