First Deposit Binding?

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d.schoenfeld16
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Joined: Sat Jan 21, 2012 8:17 pm

First Deposit Binding?

Postby d.schoenfeld16 » Mon Mar 19, 2012 8:00 pm

Is it possible to re-neg on a first deposit if an acceptance comes after the deposit date to another school? Is the second deposit the one that is really binding?

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bk1
Posts: 18408
Joined: Sun Mar 14, 2010 7:06 pm

Re: First Deposit Binding?

Postby bk1 » Mon Mar 19, 2012 8:13 pm

Deposits aren't binding. Some schools will be unhappy if you cross deposit (deposit at 2 schools at the same time). Some will ask that you withdraw from other schools (I think Penn did this when accepting their scholarship offers). But in general, no deposit is binding. If you get in off a waitlist later you are free to switch.

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BVest
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Joined: Tue Mar 20, 2012 1:51 pm

Re: First Deposit Binding?

Postby BVest » Tue Mar 20, 2012 1:59 pm

d.schoenfeld16 wrote:Is it possible to re-neg on a first deposit if an acceptance comes after the deposit date to another school? Is the second deposit the one that is really binding?


A deposit for law school is like a deposit for anything else in this world. It is meant to give you a financial stake in seeing the transaction through to conclusion. No one can force you to go to a certain law school just because you said "save me a seat," but they can keep your money when you don't attend.




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