Binding Deposit Question

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roguey
Posts: 291
Joined: Fri Oct 16, 2009 8:45 am

Binding Deposit Question

Postby roguey » Mon Apr 12, 2010 10:46 am

Does anyone know what happens if you submit a binding deposit and are then unable to attend due to financial reasons (ex. credit not good enough for grad plus and no co-signer)? Would you be able to say, retake the LSAT and try again the next year, or are you put on some sort of blacklist?

yeff
Posts: 333
Joined: Mon Dec 07, 2009 2:32 pm

Re: Binding Deposit Question

Postby yeff » Mon Apr 12, 2010 10:49 am

If you decide not to attend after making a binding deposit, you cannot attend any law school for '10-'11 and lose your deposit. Some places have partial refunds depending on the date you withdraw.

You can reapply the next year, with or without retaking the LSAT.

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roguey
Posts: 291
Joined: Fri Oct 16, 2009 8:45 am

Re: Binding Deposit Question

Postby roguey » Mon Apr 12, 2010 10:57 am

Thank you for your quick response!! So noone will try to recover the cost of tuition from me or anything like that? I know the deposit is non-refundable, but I just don't want to get roped in and not be able to afford attendance. I really wish they would pre-qualify people for plus loans. That would make me a lot more comfortable.

Jrugg88
Posts: 74
Joined: Fri Apr 02, 2010 4:11 pm

Re: Binding Deposit Question

Postby Jrugg88 » Mon Apr 12, 2010 10:58 am

How do you know if a school's deposit is "binding"/ which schools' deposits are binding?

yeff
Posts: 333
Joined: Mon Dec 07, 2009 2:32 pm

Re: Binding Deposit Question

Postby yeff » Mon Apr 12, 2010 11:07 am

Read the fine print? Call and ask?




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