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Should I pay my enrollment deposit?

shinbrshinbr 2 replies1 threads New Member
Hi all! So I recently got a likely letter for admission in the ED round and the portal lets me pay my enrollment deposit now. Is there any reason I should pay it earlier rather than later? My mom said she would rather pay it in January but it's not that much of a hassle to pay it now.
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Replies to: Should I pay my enrollment deposit?

  • happy1happy1 23229 replies2300 threads Senior Member
    edited November 2019
    I would wait until your get your formal acceptance letter.
    And congrats!
    edited November 2019
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  • EconPopEconPop 422 replies7 threads Member
    If paying earlier allows you to choose a specific dorm, I say pay early. Otherwise, there is probably no reason to pay earlier than your mother wants to pay.
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  • JBStillFlyingJBStillFlying 7184 replies24 threads Senior Member
    ^ Res hall is by lottery. There is no advantage to paying a deposit early, especially if you are expecting a FA decision with the admission. Congratulations!
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  • shinbrshinbr 2 replies1 threads New Member
    Thanks! I’ll wait then
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  • IroningBoardIroningBoard 2 replies0 threads New Member
    @shinbr
    Do you mind sharing your stats? Are you a hooked applicant/recruited athlete? Congratulations on receiving a likely letter regarding your ED application!
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  • shinbrshinbr 2 replies1 threads New Member
    I'm a recruited athlete.
    GPA: 4.0/4.0 UW, 4.53/5.0W
    SAT: 1570, 790 Bio SATII
    10 APs, 1 IB HL (2-year course)
    Essays: Strong
    Recs: Strong
    ECs: Strong but not extraordinary... lots of service, NHS Prez, Philosophy Club prez, Model UN
    Awards: Nothing extraordinary... Principal's honors, I have a small scholarship for my school, and a verbal commendation for MUN
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  • JBStillFlyingJBStillFlying 7184 replies24 threads Senior Member
    @shinbr - you may wish to check in with your coach to ensure that waiting for the actual offer of admission is OK. Once you receive it (and any corresponding FA you've applied for, if applicable) the ED means you will need to commit reasonably quickly. Usually it's something like a 2- 3 week turnaround.
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  • BrianBoilerBrianBoiler 744 replies16 threads Member
    Congrats! My son was in your shoes two years ago and dorm choice was based on deposit received.

    Since, it doesn't really impact that anymore, it probably doesn't matter, you are bound with ED and while the deposit isn't small, you holding it does grow it a little (maybe all of $1 over the next 30 days). For me, though paying it now when it is front of mind is better than the $1 I'd get in interest.
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  • JBStillFlyingJBStillFlying 7184 replies24 threads Senior Member
    ^ Is OP full-pay? If not, why commit before getting a FA package? The ED agreement clearly allows you to wait until that time.
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  • arbitrary99arbitrary99 125 replies5 threads Junior Member
    Congrats! And great stats too.

    My son was in the same situation and we deposited in early October. However part was mistakenly due to thinking early deposit led to preferred dorm choice which was changed recently to lottery. It just felt good to get it in though.
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