<p>I am an International student and I have been accepted to 2 schools: Rollins (Orlando) and St. John's (New York).</p>
<p>I like St. John's more, and I want to go there, but the finances is the problem.
Rollins, with, their scholarship is the only option which my family can afford.</p>
<p>We are now looking for the possibilities of taking a loan so that I could go to St. John's.
But the deposit deadline is in 2 days already.
Rollins granted me a 10 day extention.
I've asked for an extention at St. John's but they never respond to e-mails so quickly.</p>
<p>So, now I'm thinking to submit the deposit to St. John's, see if we can work out the finances, and if we won't,
then I'm gonna tell St. John's that I changed my mind and still will be able to submit my deposit to Rollins until the extended deadline.</p>
<p>Is it okay to do like this? or is it also like double depositing and may result in rejections?</p>
<p>What happens after I submit the deposit to a college?
And what happens if after a week I tell them that I'm not going there?
I understand that I lose my deposit money. That's not a problem, but are there any other forfeits?</p>
<p>A college can’t force you to attend. Honestly, I think it’s pretty low-risk (with the exception of losing your deposit money). Theoretically they could find out about double depositing but I think it’s highly unlikely in your situation.</p>
<p>People withdraw after depositing when being offered a spot off a wait list and I think your case is similar. You will lose your deposit to St. John’s if the loan doesn’t come through, but you are not really double-depositing as you wouldn’t be committing to Rollins until you know for sure you can’t afford St. John’s.</p>
<p>They’ll sue you. Go after every penny that your parents have ever made. Seriously, let’s try this: don’t send the final transcript to the school to see what happens in the Fall. It’s actually not a binding contract. You could get off the waistlist, you could go bankrupt over the summer, a political change could impede your plan. See, how many reasons things don’t work out for some of us?</p>
<p>I agree that you would not be double depositing in this case. You’re risking the St. John’s deposit - if the financial package doesn’t work out. If it doesn’t, you’ll tell St. John’s that even though they were your first choice and you scrambled to get loans to make it work… you could not. If you’re lucky, they’ll refund. If you’re not lucky, you’ll lose the deposit.</p>
<p>Then you’ll deposit at Rollins and, at that point, it won’t be a double deposit.</p>