College Deposit Pressure

martina99
Mon, 25 Jan 2010 17:00:25 +0000

I have been asked for refundable deposits on the 3 schools S has been accepted at so far. None has made it a condition of seeing the financial aid package. Nor do they have special early registration, or early housing selection for those who send in a deposit now.

If S was accepted to his top or second choice school (that I had a realistic expectation that we could afford) I would send in a typical refundable deposit ($150 or $250), or even a $50 or $100 non refundable deposit. I would not consider signing any binding contracts for significant amounts of money until I saw the aid package.