Enrollment process.. submitting commitment deposit and not going?

So I recently got admitted into a four year school, but due to the fact that financial aid didn’t give me enough money I will be unable to attend the school. I was so sure that I was going to receive more money that I paid the commitment deposit and even submitted my immunization records etc. I was transferring from my local community college but since I can’t attend the four year school I was thinking of doing another semester at my community college. Will I be penalized for this?

Call the school. You may forfeit the deposit.

The school might not look favorably upon you should you reapply, or they might not care. Hard to say.