<p>So I applied ED to a school and I need to send in my deposit with my intent to enroll form. However, during these unstable economic times I don't know if one of my parents will get laid off. If they do, then we obviously don't have enough money to go to a private college and I have to go to a state school. I was wondering after you send in a intent to enroll form and a housing deposit can you back out later in that year? I don't care about getting the money I sent in back, I just want to know if the college will release me.</p>
<p>If one of your parents is laid off and you need to go to a state school, that's a good faith reason for withdrawing your ED commitment.</p>
<p>If your parent gets laid off, your financial package would increase substantially such that it won't even matter. This is assuming you got in ED to a rich private university.</p>
<p>^ Actually the school I got into is in real need of money. They are resorting to all the extra provisions they think of to try and keep their students in school, because their tuition costs keep rising and the students don't have enough money to pay for them. It's like they started a whole big program to tackle this issue. But yeah. I doubt they are going to give me a lot more money.</p>
<p>what school if you don't mind me asking?</p>
<p>The problem is that you are supposed to withdraw all other applications. Leaving other applications in place is risking being rescinded from all.</p>
<p>If your parent's financial situation is that tenuous, are you sure you want to start at a school you may have to leave? Is this a school that will consider you for aid in the future if you didn't get it as a freshmen?</p>