Question about Waitlist

<p>Sorry if this is a dumb question. I've been waitlisted to several schools but they won't notify me till may-june. So for now, I have to choose a school to go to (pay the deposit). What happens if one of the waitlist schools accepts me and I want to go? Do I just notify the school I paid the deposit to that I'm not going anymore? </p>

<p>Any help is appreciated. Thanks.</p>

<p>Yes. You will lose the deposit of course, but if you get off a waitlist you’re allowed to just do that.</p>

<p>i have to accept the financial aid package by may 1st as well so I should just accept it for now right?</p>