Embarassing Question: Seat Deposit

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
asuusa
Posts: 73
Joined: Mon Jul 12, 2010 10:23 am

Embarassing Question: Seat Deposit

Postby asuusa » Mon Jan 31, 2011 3:53 pm

I have a really embarassing question- what do we do if we can't pay the seat deposit? Is there financial aid for that? I'm saving for a move across the country as well as paying off taxes, and just curious. I can get the money if I need it, but a 4-digit seat deposit on top of a cross country move on top of owing on my taxes might not be possible. What do I do?

User avatar
vanwinkle
Posts: 9740
Joined: Sun Dec 21, 2008 3:02 am

Re: Embarassing Question: Seat Deposit

Postby vanwinkle » Mon Jan 31, 2011 3:54 pm

I think the answer varies by school.

User avatar
mez06
Posts: 349
Joined: Tue Jun 08, 2010 4:11 pm

Re: Embarassing Question: Seat Deposit

Postby mez06 » Mon Jan 31, 2011 4:02 pm

Not embarrassing by any means. A look outside at the economy would suggest the same. Contact the admission's office of the school you plan to attend. Given everything ITE, they might be willing to work something out.

dddhhh
Posts: 264
Joined: Sat Dec 11, 2010 5:55 pm

Re: Embarassing Question: Seat Deposit

Postby dddhhh » Mon Jan 31, 2011 4:16 pm

mez06 wrote:Not embarrassing by any means. A look outside at the economy would suggest the same. Contact the admission's office of the school you plan to attend. Given everything ITE, they might be willing to work something out.


+1

User avatar
kalvano
Posts: 11720
Joined: Mon Sep 07, 2009 2:24 am

Re: Embarassing Question: Seat Deposit

Postby kalvano » Mon Jan 31, 2011 9:08 pm

Wait, 4 digit seat deposit? What school is that?

User avatar
vanwinkle
Posts: 9740
Joined: Sun Dec 21, 2008 3:02 am

Re: Embarassing Question: Seat Deposit

Postby vanwinkle » Mon Jan 31, 2011 9:10 pm

kalvano wrote:Wait, 4 digit seat deposit? What school is that?

Well, many top schools have an initial $500 deposit and then another $500 deposit further into the summer. that's 4 digits right there.

User avatar
kalvano
Posts: 11720
Joined: Mon Sep 07, 2009 2:24 am

Re: Embarassing Question: Seat Deposit

Postby kalvano » Mon Jan 31, 2011 11:05 pm

vanwinkle wrote:
kalvano wrote:Wait, 4 digit seat deposit? What school is that?

Well, many top schools have an initial $500 deposit and then another $500 deposit further into the summer. that's 4 digits right there.



Huh. Didn't know that. The shame of being in the slums of law school, I suppose.


OP, I had to deal with some issues with seat deposits, and I found the schools very willing to work with me. It's not so much the money as they are looking for who is serious and who isn't.

asuusa
Posts: 73
Joined: Mon Jul 12, 2010 10:23 am

Re: Embarassing Question: Seat Deposit

Postby asuusa » Tue Feb 01, 2011 10:57 am

That makes sense. I think I'll just call them and explain the situation. Thanks, guys.

User avatar
Eugenie Danglars
Posts: 2353
Joined: Wed Jul 07, 2010 12:04 pm

Re: Embarassing Question: Seat Deposit

Postby Eugenie Danglars » Tue Feb 01, 2011 11:03 am

I'm in the same boat- I get readjustment $$ from the Peace Corps, but I won't have it, or be able to pay seat deposit until July. At least one school (GULC) lets you sign a binding agreement in lieu of seat deposit, and I'm hoping that others are willing to follow suit.

asuusa
Posts: 73
Joined: Mon Jul 12, 2010 10:23 am

Re: Embarassing Question: Seat Deposit

Postby asuusa » Thu Feb 03, 2011 3:12 pm

I was thinking about, after I make my decision, signing something like that or withdrawing from every other school. Something to prove I'm serious about it. Or maybe I'll ask for half.

cowgirl_bebop
Posts: 901
Joined: Sun Aug 15, 2010 2:32 pm

Re: Embarassing Question: Seat Deposit

Postby cowgirl_bebop » Thu Feb 03, 2011 4:59 pm

Im gonna end up in a similar situation if I cant save up the $1500 I need to go to the school I want. How Im going to come up with that kind of money by April 15th is beyond me.

User avatar
Spack
Posts: 180
Joined: Fri Oct 29, 2010 2:31 pm

Re: Embarassing Question: Seat Deposit

Postby Spack » Thu Feb 03, 2011 5:25 pm

I'm also in the same boat. My mom is currently unemployed and I don't work so...I'm going to see if they can work with me.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest