Preparing for College

Accepting a Waitlist Offer After Depositing Elsewhere

Question: How does one handle making a deposit at a college with the May 1 deadline, then being offered a spot on the waitlist of a top-choice school in June and preferring to take that? I am willing to lose a deposit but not be sued!

It's neither illegal nor unethical to withdraw from a college after May 1 because you accepted a waitlist spot at another school (or if you change your mind for any reason). Of course, you should expect to forfeit your deposit, but at least you won't lose your good karma. :-) (Exception: Recruited athletes at the Div. 1 or Div. 2 level can be penalized when backing out of written commitments.)

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