<p>Is it legal to double deposit?</p>
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<p>If you are caught double-depositing, you run the risk of forfeiting acceptances at both colleges. Granted, many families get away with it, but it isn’t a risk (to one’s future or to one’s karma) that I’d advise taking.</p>
<p>Just be careful to distinguish between double depositing to indicate acceptance of an offer of admission (i.e., a deposit that says, “I’m coming here”), and double depositing to hold housing at schools that require housing deposits. The former is generally NOT permitted. The latter may be permitted - you have to check each school’s specific rules.</p>
<p>It is generally frowned upon. Are you waiting for financial aid information? Is the deposit just for freshman housing or is it to hold a spot in the freshman class?</p>
<p>I honestly only want to give one deposit, but my son wants to hear from all schools before commiting. If we wait on the school I think my son should take (and is high on his list of choices), he risks housing priority. </p>
<p>Is it ok to commit to one school and if there is a change of mind, tell the school there is a change of mind, then commit to the next school? This would not be double deposit at the same time.</p>
<p>I don’t understand. How can it be illegal? And what is it that would permit a college to rescind acceptance if it determined you made deposits in several places? Seems nuts. Obviously lots of kids get into a better school off the waiting list and forego deposits in the schools that previously accepted them. Sounds to me like one of these things colleges prefer you not do, but you should feel free to do if that is what is best for your family.</p>
<p>He should only accept one school AT A TIME. Go ahead an deposit at this college A. If he later is accepted at school B, decline school A and enroll at school B. This is fine.</p>
<p>Double deposit usually refers to sending deposits to two colleges concurrently. That tactic is what is is frowned upon.</p>
<p>Some schools may refund all or a portion of your deposit as well. This is verbage from one such school’s Information for Admitted Students:
The deposit is fully refundable until May 1, 2011. After May 1, resident students will be refunded $100, and students living off campus will be refunded $50 if written notification of the student’s change in plans is received by July 31. After July 31, no refunds will be issued.</p>
<p>So in effect they’re saying they know these things happen. Circumstances change, people change their mind. See if you can find out the guidelines for the schools in question. If they meet your criteria, it should be okay to have one deposit down while waiting for news of another acceptance. I understand that you don’t want to have two deposits down at the same time but making the first is not ultimately binding if you release it to make the second.</p>
<p>Odessagirl’s college had no problem with it at all. We asked her counselor.</p>