is paying your housing fee a binding contract?

If you can afford the $330, look at it as a non-refundable deposit.

This thread is from some years ago:

http://talk.collegeconfidential.com/penn-state-university-park/646800-the-300-non-refundable-deposit-p2.html

Agree with this sentiment: “My suggestion is if there is any possibility your S or D will attend PSU, and you can afford to possibly lose $200 or $300, you may want to send your deposit in ASAP.”

I’d also confirm with housing.psu

Good luck with your decisions!