Actually the schools are well aware that you can pay your deposit and ask for a refund before May1st. We paid our deposit and after speaking to the FA people at the accepted students open house yesterday, we will be sending in an appeal/request letter. I am including a copy of my son's very large scholarship from a peer school. I am asking for an increase in the scholarship portion, not the need portion.
They also told me that outside scholarships would reduce a Perkins Loan dollar for dollar.