deposits to two different schools?

<p>I don't know how undergrad schools work, but I know in gradschool you can just ask if you can have an extension on the decision date. That's what I did because I wanted to wait till I heard from other schools and it wasn't a problem at all. I don't know how strict they are at the undergrad level....but I definitely would NOT send in two deposits...don't forget deposits are nonrefundable and it's not a good idea to throw away $300-$500 due to uncertainty. If you have a good reason why you need to wait to make the decidion, you should discuss that with the admissions people and not send in double deposits.</p>

<p>April 1
then May 1
what a nerve wracking month, April, for seniors</p>

<p>by sending a deposit to a school, you're pretty much saying, "i want to go to your school, you accepted me, and i will see you in august (or september for some schools)"</p>

<p>so technically, that would be enrolling in two different colleges and that's not allowable...</p>

<p>I am completely confused. I did send in deposits to two colleges for my D, but the websites clearly stated that your deposit would be refunded if you asked for it by May 1. Also, there was no statement on the website that you should only make a deposit at one college. Why would they not make it clearer if it is such a big deal?</p>

<p>If there was no statement, seems to me that you did not violate any rule...Maybe it's just assumed that people would only send one deposit??? Yes, I'm confused, too....</p>

<p>dggt,</p>

<p>It you send housing deposits (as some public schools will require you to send a housing deposit as housing is given on a first come first served basis) or did you submit a deposit as an intent to enroll? </p>

<p>A housing deposit is not an intent to enroll</p>

<p>It is absolutely wrong to deposit at more than one college, and BOTH schools may indeed rescind the decision if they find out. For students still in wait-list limbo, it is (unfortunately) necessary to deposit elsewhere and face losing that deposit if the first-choice college does eventually say yes. In SOME cases, you CAN get an extension beyond May 1. If there are extenuating circumstances that will make it tough to make a choice by then, you might find that colleges will give you a little leeway. But a pending wait-list verdict is rarely considered an "extenuating circumstance." IF you DO get an extension, be sure it's IN WRITING.</p>

<p>then what the heck is the pint of the deposit if you are required to go there, it's quite stuped then to require a deposite, I always thought the deposite was like insurance and if you didnt attend they got that deposit, otherwise why the deposit?
Oh and yes how do u compare financial aid stuff, if they tell you later this just sucks</p>

<p>plus i know in many social events they always say the deposit is to reserve a seat, not to purchase the ticket so if you lose intrest they have some sort of compromise.
In most things in real life (non college) the point of a deposit is to convince you to attend but if you decide otherwise thats why the deposite is there, otherwise they would just make you sign a contract and a deposit would not be needed.</p>

<p>I sent tuition deposits to two schools, but on the website for both of those schools it states that the deposit is refundable, if you ask before May 1. I do plan to inform the schools before May 1 of my D's intentions.</p>

<p>
[quote]
plus i know in many social events they always say the deposit is to reserve a seat, not to purchase the ticket so if you lose intrest they have some sort of compromise.

[/quote]
</p>

<p>Because for the most part college is not a social event and other business and planning decisions (course offerings, housing, staffing, how many if any people you are taking from the waitlist) are dependent on student committed intention to enroll. </p>

<p>While it may not seem like a big deal at the individual level (and they should make an exception for you) , if every prospective freshmen student decided to double deposit it could really be a messy situation.</p>

<p>The purpose of the deposit is (1) to cover administrative costs associated with processing your admissions, and (2) so that you don't just casually change your mind, and the schools don't expect you to be able to pay first semester tuition in full in May. The deposit is clouding the issue. The real problem is not the fact of the deposit, but the fact that the student has committed to attending two schools when he or she can clearly only attend one.</p>

<p>Most Ivy colleges and soon all common app colleges use a software system called "AY"... which stands for "ApplyYourself". The software helps in automating the process and allows colleges to share information ... AND discover who the EA and ED students are for each college. When a name is entered into the system, if the student accepted EA or applied ED it will flag the student in their system. It does not affect the college in which they accepted for either EA or ED. The program also calculates the stats for the colleges individually and then collectively. This is inpart how they obtain their ranking... by their stats.</p>

<p>Wise up students, it's the information age. Many colleges also use an automated system for scoring and awarding "points" to applicants, the system then divides the applicants into yes consider and no sections, based on specific criteria that each college sets up. Although AY is a software program, like peoplesoft, it can be customized for each customers (colleges) specific needs. Some will then go through by hand the yes pile for review and consideration (MIT does this).</p>

<p>The SAT is administered by "college board"... who do you think owns or controls this organization... a collective of colleges. How do you think College board gathers their stats and information.. from their members. </p>

<p>AY allows member colleges to identify those who have accepted offers by the deposits. If AY allows colleges to identify those who have already accepted an EA or ED, then I'm sure that they can identify students who have already placed a deposit with other schools. Honesty is the best policy. Call each school and explain your stituation to them.</p>

<p>ok, this may open a can of worms, but here is my statement, The reason people double deposite is because colleges take to long to respond with financial aid and if you want to appeal you will never get all this by may 1st, and since this occurs you never know if you will be able to attend that dream school so its very unfair not to the college but to the consumer in this case the student inroling, people who double deposit do not want to mess some one over on the waitlist but its not there fault, there trying to resolve the issue. The fact is colleges are trying to control everything and that's where the unethic's come in, for example they accept you get your application fee give you very little aid by end of may and then say you can deposit at another place to secure a spot that is wrong. The college is wrong the deposit is usually not refundable and do you think the college thinks of you really do you. If you deposite an amount and for some reason died (this would be a terrible situation, and no i'm not wishing anybody to die i'm giving a scenario to show the evilness in some colleges) they would not give your family that amount of money back, honestly there not suppose to, and that's the point of the deposite, that's why its there, but colleges try and mess with you, and they have no intrest in any of this.
As a matter of fact colleges sometimes kinda "fight" for you and try and guarantee what another college will give you so how is double depoisiting wrong, I'm really angry at this policy, because truthfully, its only helping the colleges, what about colleges with no waitlisting (it's really not about the waitlisting, its about the right's you have an for once colleges should adhear to them)
If they really wanted to make an agreament with you, they would not do it with monetary purposes, they would just make you sign a contract and that would be ethical but them geting your deposit, and then resinding you is unethical on there side.
What do you think did the people who got there applications resinded from both colleges did they get that deposit back, I dont think so, so they basically condowned to stelling there deposit</p>

<p>P.S dont ban be because I have a different opinion then most people do on this issue, it's just that I want the "little guys " to be stood up for (someone has to do it), and i'm exercising my right to free speech.</p>

<p>If one can't make a decision because of awaiting financial aid info, many colleges will extend their deadlines so you won't need to double deposit.</p>

<p>The students whom I've seen posting on CC about double depositing plans haven't mentioned financial aid problems, just problems deciding which college they wanted to attend.</p>

<p>Although I'm not sure maybe, they really havent posted there reason but I assumed they had a reason, but still some colleges do not havea waitlist and they are giving away there money, so i can not see how they could later have it bitting them in the back, it's just well unfair.
they paid 2 deposits wont recive them back and then get recinded, know that's just rediculase even if they take a while to decide
Oh P.S. I little irrelevant uestion dont colleges have too give you 2 weeks to respond even if its after may 1st if your acceptance came in like april 20th or arround there, is that true? I have seen this on College baord and im not sure if its law or only some college policies.
I definately know ever college has to give you till may 1st no matter what, It's actually a law I found an article somewhere but back to the descusion and my 2 week question (if you know about it that is)</p>

<p>UT-Austin recommends that you submit your enrollment deposit, so that you can get a housing contract. (On-campus housing is tight). The UT admissions officer I emailed suggested this, even though I told him that my son had not made up his mind about his college choice yet. I guess it is not "double-depositing" though, as we will ask for the deposit refund and decline enrollment at that school before we send the enrollment deposit to any other school.</p>

<p>Last year my son was accepted to a highly competitive combo program but wait listed at his first choice school. We paid the $600 deposit because getting in off the wait list was a long shot (the prior year nobody was taken off the wait list).
On May first, we got a phone call that my son was accepted off the wait list and he accepted. We didn't think that talking to the first school and explaining to them that they were our second choice before the second acceptance came in was a wise move. So we lost the deposit and somebody else then came off the wait list and was accepted to the first school.</p>

<p>I'm on waitlist to Bryn Mawr and have already gotten into Bucknell and will only find my Bryn Mawr in mid-May, when my Bucknell deposit is due by May 1st. Do I have to inform Bucknell of the fact that I may join Bryn Mwr if I get in (I am going to pay the deposit).</p>

<p>No, you don't have to tell Bucknell about the waitlist. You can wait until you get word (at which point you may have changed your mind anyway!). You'll of course lose the deposit, but may open up a place for someone else from Bucknell's waitlist.</p>