So, the $500 "deposit" is actually a one-shot fee?

[brandeismom]

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University Deposit
Beginning Fall 2007, all Undergraduate students in the Class of 2011 and beyond will be required to pay a $500 University Deposit. The University Deposit is not deducted from the first semester’s charges. The University Deposit will be held in reserve for possible future punitive charges posted to a student’s account, (i.e. unpaid parking fines, unpaid library fines, residence hall damage, returned check fees, etc.). The Statement of Account mailed by Student Financial Services will reflect any transactions charged and paid for by the University Deposit. At the start of each academic year, the deposit will be replenished to the original amount. Any amount used to pay the prior year’s punitive charges will appear on the Fall semester bill and will be due by the published Fall due date. When the student graduates or withdraws from the University, any unused portion of the deposit will be refunded to the student. If a student decides not to enroll at Brandeis University, the deposit will be forfeited.

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<p>[Financial</a> Services | Brandeis University](<a href=“Office of Student Financial Services | Brandeis University”>Office of Student Financial Services | Brandeis University)</p>