Question About Binding Deposits

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Question About Binding Deposits

Postby roguey » Tue Apr 06, 2010 12:09 pm

Most binding deposits state that you must withdraw all applications and other offers of admission when you put in a binding deposit. Does that mean that I need to send a letter to every school I've been accepted or have not received a decision, or can I just ignore the other offers and let them lapse? I'm wondering how active of a process it is, and if it allows for me to just not take any other school up on their offer.

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Re: Question About Binding Deposits

Postby jks289 » Tue Apr 06, 2010 12:16 pm

Regardless of the technical rules, if you are sitting on (or waiting for) an offer you have no intention of accepting you are wasting peoples time. The right thing to do is draft a quick form email. "Thank you for you time and consideration, but at this time I am withdrawing my application." Five minutes of work you open a spot for someone who want it, make the entire process go faster, and earn yourself some good karma.

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Re: Question About Binding Deposits

Postby blue5385 » Tue Apr 06, 2010 12:21 pm

I agree with the above poster that you should withdraw & not let offers lapse out of courtesy. However, I'm guilty of doing this at one school where I've been accepted to a joint degree program with a summer start & chose not to go to simply because I forgot that their deposit deadline was a month before all my other schools'. :oops: I got an email from them stating that since I had let the offer lapse they assumed I wouldn't be attending & that it wasn't necessary to send them a letter or email to the same effect. I wish I had remembered to send a quick email to be polite, but letting the offer lapse gets the job done, I guess.

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Re: Question About Binding Deposits

Postby JOThompson » Tue Apr 06, 2010 12:21 pm

Withdraw to be safe.

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