Tuition Deposit?

Transfer Students
1

<p>Hello! Forgive me if I post this in the wrong forum & by all means move it to the correct thread. I just had a question regarding the tuition deposits. </p>

<p>I am a student at College of the Canyons & I was recently accepted to Azusa Pacific University & Chapman. Woo! The thing is, their deposit deadline is May 1st, which seems really early tbh. </p>

<p>Azusa Pacific is offering me $13,500 in merit and scholarship & Chapman isn't offering me anything :( </p>

<p>My question is, I applied to USC & Loyola Marymount University also & the concern is, well including my parents, is that we want to know if the two remaining schools will be more "financially graceful" than Azusa Pacific or Chapman. The problem is that Loyola Marymount doesn't make their decisions until May 1st & USC doesn't give their decisions until June 1st. My worry is that if I wait on those two schools & find out that it's not the best choice financially or if I get rejected from the remaining schools, I won't have a "safe school" to fall back on. </p>

<p>So how does this tuition deposit thing work? From my understanding, if you pay, then you're saying you're going. But then what is the point of checking on the last two schools? & what if I get a better offer from LMU or USC? I don't know. I'm really confused & I'm really worried. The deadline is coming up fast...</p>

2

<p>Your only risk is losing a deposit. You can chose 1 school by depositing on or before May 1. You have a seat locked up. If one of the remaining 2 schools comes in with a better offer, you then withdraw your admission from the deposited school (forfeiting your deposit money) and placing a new deposit with the better offer. You simply are insuring a spot somewhere until all the decisions are in. Otherwise you take a big risk. Good luck.</p>

3

<p>Moved to the Transfer forum as this issue is different for transfers and fr admissions. Please see my post here:</p>

<p><a href=“http://talk.collegeconfidential.com/transfer-students/1641698-what-does-it-mean-to-accept-or-decline-an-admission.html#latest”>What does it mean to accept or decline an admission? - Transfer Students - College Confidential Forums;