<p>If we are unfortunately unable to attend University of Chicago next year for financial reasons, is it too late to withdraw and commit to another university, even after sending in the deposit?
Thank you in advance for your response.</p>
<p>well, if the other school will still admit you, it is probobly possible but you will lose the chicago deposit</p>
<p>make sure that you have a written confirmation of your enrollment at the second university before letting Chicago know.</p>
<p>So the deposit is not binding, right?</p>
<p>No...that's why it's a deposit.</p>
<p>but that's a lot of money to be losing</p>
<p>What, the $250 deposit versus $40,000 a year? I don't think so.</p>