Hey guys, I was accepted to UPenn. Today I wanted to place my deposit, but on my UPenn Admission Portal it is said that my enrolment deposit has been waived. So that means that I don’t have to pay the deposit, right? I didn’t ask it to be waived. Does UPenn automatically waive deposits for low income families? Or is it some kind of mistake?
Several of the private colleges really don’t require deposits. You’re fine. Believe what they tell you. Congrats!
My son’s has been waived, too! So cool. I know MIT never required one, so I don’t know if Penn doesn’t, or if they just waive it for some people. Whatever the case may be, should my son decide to go here, that’s awesome!
I had to pay $400 deposit for my daughter in 2013 so definitely not waived for everyone.
It’s usually waived or lowered depending on your financial aid
It’s waived for me, as well.
It’s based solely on your family’s finances. If your financial aid package was generous based on your income/assets, the reduction is likely based off of that, as well.