<p>I was accepted to Michigan in November but have not yet payed my deposit. (I'm waiting on decisions from a few other colleges.) Is this possibly hurting my chance of receiving scholarships? Are there any other advantages of paying my deposit now, such as housing preferences?</p>
<p>I'm not sure about scholarships, but I do know that paying your deposit earlier doesn't give you any sort of advantage when applying for housing. It's a lottery system, and those who pay in January have do not receive preference over those who pay in April.</p>