<p>As long as you didn’t get an ED acceptance, an enrollment deposit is not binding. You can back out for any reason. You just lose your enrollment deposit. Don’t try to hedge your bets by submitting enrollment deposits to more than one school at the same time. If the schools find out, both will withdraw your admission. If you have submitted an enrollment deposit to a college, but change your mind about attending it, withdraw your acceptance before submitting an enrollment deposit to another school.</p>