<p>I have posted another question about this, but today, we have received another email.</p>
<p>My daughter's FA award is currently under review at one if her top-choice schools (due to IRA rollover from data retrieval tool). I feel somewhat confident it will be reviewed favorably because: a) we saw none of the money at all in 2013 b) it is a meets-full-need school.</p>
<p>Just now, we received an email saying they would drop the price of the enrollment deposit from $300 to $50.</p>
<p>I'm thinking this is a result of our review situation (I'm hoping) because we qualify for Pell and have low AGI and EFC.</p>
<p>Can anyone speak to this?</p>
<p>We have a lot of variables going on right now (I'm sure everyone does), so thank you for bearing with my barrage of questions :-)</p>
<p>Good for you. I have never heard of that.</p>
<p>I have heard of that. I would assume that means good news on the financial aid package. Good luck! I had an IRA rollover one year and my D1’s school subtracted it from income before calculating FA - actually I asked them if that would be the case before I rolled it over. In my case I was rolling an IRA to a ROTH IRA and incurred taxes.</p>
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<p>I don’t think that at all; students below an income threshold, especially Pell eligible students. usually have their enrollment deposits waived, not simply reduced by $50. IF you had said the school decided to waive the enrollment fee as they are working on our new package, I would be more apt to think that it was going to be a way more favorable outcome.</p>
<p>Since most enrollment deposits are non-refundable, the school really has nothing to lose by dropping the enrollment deposit by $50. It is going to to do just what it is doing; spark people into wanting to pay the deposit sooner. I would not read anything intuit. If your child can, go to admitted students day and drop by the financial aid office to follow up. Otherwise, wait until 5/1 to make your decision.</p>
<p>Thank you.</p>
<p>The offer was not to drop it by $50, but rather to $50, from the original $300.</p>
<p>So, a savings of $250.</p>
<p>i do plan on waiting until all letters have been received back from the ‘special circumstance’ reviews.</p>
<p>I don’t think it is a saving, rather you pay it now or you pay it later, because the deposit is counted toward your tuition, unless your total due is less than $300.</p>