Unsure about Housing Contract?

The housing contract for UFL is due March 17th, but I’m unsure if I want to attend in the fall. I wanted to complete the contract as a back-up (i got a significant OOS scholarship so i might eventually choose UFL if it comes down to it). So I guess my question is: if I sign the contract am I financially obligated to attend in the fall? What happens in the likely event that I decline admission? do I get a refund to any extent?

Thanks

You’re not obligated to go. If you decide to go to a different school in the fall, you have to pay a $125 cancellation fee which comes from the $225 that you paid, leaving you with a $100 refund.