<p>I don’t see a problem in double depositing if the colleges don’t say anything about not doing it and your high school has no rules against it. Colleges know that it happens and expect it to some degree, including it in their “summer melt” numbers. I actually called some schools and asked about that and though no one likes it, there are no repercussions unless the school specifically says that you should not do it. In such cases, the possible consequences are spelled out pretty clearly. CMU, I know, is a school that will drop you if they find out you double deposited. </p>
<p>My kids did not equate selectivity, reputation, glitz factor when placing schools in the order that they liked them. Two turned down ivies for “lesser” schools, if you want to put it that way. We always get a puzzled look when we tell people where my son is going to school. But he chose the school, loves the school, and is excelling there beyond expectations. Yeah, my ego was and is a little bruised that he is not at the ivy. I would love to have that as a brag item, but, it really came down to his decision.</p>
<p>The oldest picked a school that was not a good match, nor was it a good experience for him. I don’t think it would have mattered if he had gone to the ivy instead. I am glad he made the choice because at least he knows it was HIS choice and we did not push him into going to other schools that we preferred for him. It’s just human nature to use any excuse as a scape goat for failure, and kids can be a master at torturing parents this way. He had to take this one on the chin himself. </p>
<p>Financials also did not enter the picture except in terms of what we could manage. Our son currently in college could be making money going to school had he picked the best offer. This school was a bit below the midpoint in what it offered him, and we expect that we or he will have to take loans before all of this is done. Some school, however, did not offer him a dime, and those were not even considered as a $50K+ tab was just more than we could handle. We put a financial ceiling including loans for him and for us and came up with $35K as what we could afford if we were careful, and maybe stretching to $40k if he really wanted the school. We are slightly below the target cost at present but only because of some unexpected one time scholarships and awards he got. But, he did get another one this year for his junior year. He is doing that well, so how can I argue that he made the wrong choice despite the fact that no one knows his school around here and think that he’s going to a small, non flagship state school?</p>