Paying for College

Enrollment Deposits

May 1 will soon be here. Why is that an important date? Well, just about every college that has admitted you requires that you let them know by May 1 whether or not you're going to enroll. Even if you're not going to enroll, don't forget to mention that to all the schools that want you. That way, another accepted applicant (possibly from a waitlist) can take your spot.

Along with your enrollment decision comes (in most cases) the enrollment deposit, which is usually in the neighborhood of several hundred dollars. Committing to enrolling by sending in a deposit has lead to some interesting (and controversial) strategizing by high school seniors and their families. That's what I'd like to highlight in today's post here.

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